Question: 5. A consumer has a utility function u(x) = (xi +ex?) for p / 0. For the following parts show your work. (a) Solve for

 5. A consumer has a utility function u(x) = (xi +ex?)

5. A consumer has a utility function u(x) = (xi +ex?) for p / 0. For the following parts show your work. (a) Solve for the Marshallian demand function. (b) Solve for the indirect utility function. (c) When w = 24, p = (1, 1), and p = 0.5, are the goods gross complements or gross substitutes? (d) What bundle is consumed when p = -1, w = 24, and p = (5, 1)

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