Dear tutors please help me to solve the following problem A consumer care only about two goods x 1 and x 2 and his her preferences are represented by the utility function u(x 1 , x 2 ) min ax 1 , bx 2 with a b The prices of goods are p 1 and p 2 and consumer's income is denoted by m Verify Roy's Identity and determine his her Hicksian demand functions

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Question: Dear tutors please help me to solve the following problem. A consumer care only about two goods x 1 and x 2 and his/her preferences

Dear tutors please help me to solve the following problem.

A consumer care only about two goods x₁ and x₂and his/her preferences are represented by the utility function; u(x₁, x₂)=min{ax₁, bx₂} with a>b. The prices of goods are p₁ and p₂ and consumer's income is denoted by m.

Verify Roy's Identity and determine his/her Hicksian demand functions.

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