Question: 1. Consider the utility function u(T) = $172. (a) Set up the Lagrangian for the expenditure minimization problem. Solve for the Hicksian demand function. (b)

1. Consider the utility function u(T) = $172. (a) Set up

1. Consider the utility function u(T) = $172. (a) Set up the Lagrangian for the expenditure minimization problem. Solve for the Hicksian demand function. (b) Solve for the expenditure function. Show that the gradient of the expenditure function equals the Hicksian demand. (c) Are a, and 22 substitutes or complements? You must justify your

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