Question: 4.9 Suppose that we have a utility function involving two goods that is linear of the form U(x, y) ax by. Calculate the

4.9 Suppose that we have a utility function involving two goods that is linear of the form U(x, y) ¼ ax þ by. Calculate the expenditure function for this utility function. Hint: The expenditure function will have kinks at various price ratios.

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