Question: Consider the following utility function: 1 (Kl-32} = (Xi! +X}E where t} ...-; o ...-; 1. Assume that the individual has income :11. and faces

Consider the following utility function: 1 \"(Kl-32} = (Xi! +X}E where t} ...-; o ...-; 1. Assume that the individual has income :11. and faces prices 311 and pa for goods 31 and HE, respectively. a} Derive the Marshallian {uncompensated} demand functions and the associated indirect utility.r function. Comment on the properties of these functions. [m Marks] h} Recover the expenditure function for the above example and comment on its properties. Intuitiver explain why this function is concave in prices

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