Question: please help Let a. consumer's indirect utility function for two goods be described as follows: 36m 4P2 v(p,m) V + I whet-ephpg >Oandm >0. (a)
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Let a. consumer's indirect utility function for two goods be described as follows: 36m 4P2 v(p,m) V + I whet-ephpg >Oandm >0. (a) Construct a direct utility function u that generates v as its indirect utility function. (You may use that v is quasi-convex in p.) (b) Determine the consumer's Mershnllian demand 1:103, m) for good 2. (c) Determine the consumer's expenditure function 8(1), 21). (d) Determine the consumer s Hickisen demand $2 \
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