Question: Hello Could you help me with the following exercise? In english: 1. Given the following utility of the form Stone - Geary: u(X1, X2) =

Hello

Could you help me with the following exercise?

In english:

1. Given the following utility of the form Stone - Geary: u(X1, X2) = (x1 - a;) (x2 - 02)62 Where X1 is the demand for movie tickets, the Price is for $50.000 (including the pop corn, soda and dessert) and X2 is the demand for movies Pay Per View (PPV) from a cable subscription, the Price is for $15.000. We are knowing that the consumer have a minimum monthly salary income in this year, determine on a montly basis: *The minimum monthly salary is $1'000.000 a) Marshallian demand for movie tickets and movies (PPV), graph b) Hicksian demand for movie tickets and movies (PPV), graph\fUtilidad indirecta u ( x * x ! ) Hicksignal - u - PIX LB ( 50600 0 ) B-1. (15060 - 212 ) 87 ath = P- BA ($coco-a1) - (15060 - 12) =10 20 = P2X2 -X B2 ( 15060 - 12 ) DX2 2) = P2 - BZA (15060 -792) $3. (50060=417)$1/=0

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