Question: 5. A consumer has a utility function u(a:) = (as? | gag); for p 7': 0. For the following parts show your work. (a) Solve

 5. A consumer has a utility function u(a:) = (as? |

5. A consumer has a utility function u(a:) = (as? | gag); for p 7': 0. For the following parts show your work. (a) Solve for the Marshallian demand function. (h) Solve for the indirect utilityr function. (c) When 11; = 24, p = (1,1), and p = [1.5, are the goods gross complements or gross substitutes? (d) What bundle is consumed when p = 1, w = 24, and p = (, 1)? 6. A conslnner has the same utility function as in Question 5. (a) Solve for the Hicksian demand function using the EMF. (1)) Show that the Hicksian demand function satises the properties stated in Proposition (c) Solve for the expenditure function. (d) Show that the expenditure function satises the properties stated in Proposition 3.E.2

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