Joe has a utility function given by $U\left(x_{1}, x_{2}\right)=\ln \left(x_{1}\right)+\ln \left(x_{2}\right)$ and a budget constraint given by $4 x_{1}+2 x_{2} \leq 40$. What is Joe's indirect utility function?

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The Answer of Joe has a utility function given by $U\left(x_{1}, x_{2}\right)=\ln \left(x_{1}\right)+\ln \left(x_{2}\right)$ and a budget constraint given by $4 x_{1}+2 x_{2} \leq 40$. What is Joe's indirect utility function?

Joe Has a Utility Function Given By U(x1,x2)=ln⁡(x1)+ln⁡(x2)U\left(x_{1}, x_{2}\right)=\ln \left(x_{1}\right)+\ln \left(x_{2}\right)U(x1​,x2​)=ln(x1​)+ln(x2​)

Joe Has a Utility Function Given By $U\left(x_{1}, x_{2}\right)=\ln \left(x_{1}\right)+\ln \left(x_{2}\right)$