Question: a)Find the indirect Utility function V(I, Px, Pv)[replace the constant term (which will be a complicated function of a) with K. b)Calculate the expenditure function

a)Find the indirect Utility function V(I, Px, Pv)[replace the constant term (which will be a complicated function of a) with K.

b)Calculate the expenditure function E(U, Px, Pv).

c)Now calculate the compensated demand curves.

d)Use the Slutsky equation

U = x^a y^1-a .

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