1) A consumer has utility function U (a?) : 3211132 + $2. (a) Draw indifference curves {3: 2 0 | U($) = 4} and {:12 2 0 | U(:r) : 6}. Find his Marshallian demand function D(p, I) and his indirect utility function V(p,I) for I > 0, p2>0,and12p1>0. (b) Invert the indirect utility function to construct his expenditure function e(p, a) (recall the woodchuck identities). (c) Construct his Hicksian demand functions h1(p, u) and 152(1), 1;). (d) Initially p0 = (1,1) and I = 9. Then the prices increase to p1 = (1,2). What is the EV associated with this price change? 2) A rm has SC and LC functions graphed below. In a new gure plot the correSponding SMC, SAC, SVC, LMC and LAC functions. Be precise