Question: Consider the utility function u(x, x) = min{ax, bx} Solve the expenditure minimization problem. (7 points) Find the expenditure function. (3 points) Find the

Consider the utility function u(x, x) = min{ax, bx} Solve the expenditure minimization problem. (7 points) Find the expenditure function. (3 points) Find the indirect utility function. (5 points) Find the money metric utility function. (5 points) Find the money metric indirect utility function? (5 points) (b) (c) (d) (e)

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