Question: 5. There are two commodities, :1 and 32, the prices of which are given by p1 > I] and p2 '.> 0, respectively. Consider a

5. There are two commodities, :1 and 32, the prices of which are given by p1 > I] and p2 '.> 0, respectively. Consider a utility-maximizing consumer with indirect utility function: 19 v(p,w)Ealna+blnb+(a+b)ln[ jalnpl b1np2 n+5) where w > II] is the consumer's initial wealth and a and b are positive real numbers. 5a) Derive the consumer's Walrasian demand functions for 11 and 12. 5b) Derive the consumer's marginal utility of wealth {assuming that the consumer is utility maximizing). 5c) Assume that prices and wealth are currently given by p1 = 5, p2 = 10, and w = 100. Suppose prices change to p1 = 10 and p2 = 5. Under what circ1unstances is the price change good for the consumer? 5d) Assume that prices and wealth are currently given by p1 = 5 and p2 = 10. Suppose that prices are about to change to p1 = 5 and p2 = y. Derive an expression for the amount of wealth, 111*, that the consumer would be willing to give up in order to prevent the price change om occurring. 5e) Under what circumstances will m\" be negative? In words, what does it mean for m2 to be negative
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