Question: ( a ) Derive the indirect utility function in case of a Cobb - Dauglas utility function u ( x , y ) = x

(a) Derive the indirect utility function in case of a Cobb-Dauglas utility function u(x,y)=xy. Where +=1 and the budget equation is given by : I=Px*x+Py*y.
(b) Derive the compensated demand function for the utility function u=q1q2 and the expenditure function E=p1q1+p2q2. Verify the Shephard's Lemma.
4+(3+3)
 (a) Derive the indirect utility function in case of a Cobb-Dauglas

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