Question: please do not copy and paste from other examples. please do not reorganize x1 and x2 without explaining why. please provide answers to a,b,c, and

 please do not copy and paste from other examples. please do

please do not copy and paste from other examples. please do not reorganize x1 and x2 without explaining why. please provide answers to a,b,c, and d thanks.

1. i) An individual consumes goods wi and X2. Let w be the wealth of individual and p > 0 and p2 > 0 be the prices of the goods. For each of the following utility functions provide a real life example of two goods x and x2 that satisfy them, draw the indifference curves, determine whether preferences are convex, strictly convex or neither, and compute the Walrasian demand, indirect utility function, Hicksian demand and expenditure function: a. U(21, 22) min{2x1, x2} b. U(x1, x2) = m max{2x1, X2} c. U(21, 22) = 2x1 + x2 d. U(x1, x2) = x102

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