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Consider the following utility function, u (C1, 12) = 212", where y € (0,1) (a) (20 points) Derive the Hicksian demand functions and the expenditure function
Consider the following utility function, u (C1, 12) = 212", where y € (0,1) (a) (20 points) Derive the Hicksian demand functions and the expenditure function. 1 (b) (10 points) Derive the indirect utility functions.
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