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Homework answers / question archive / 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

Economics

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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