Question: A consumers preferences are represented by the following utility function: (1, 2 ) = 12 + 2 a. Find the Marshallian demand functions for 1

A consumers preferences are represented by the following utility function:

(1, 2 ) = 12 + 2

a. Find the Marshallian demand functions for 1 and 2.

b. Find the consumers indirect utility function.

c. Verify Roys identity for the first good.

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