Question: please solve with work shown. Consider a person with a preferences that can be represented by a utility function U = q'fq;_'6where ,8 lies between

please solve with work shown.

Consider a person with a preferences that can be represented by a utility function U = q'fq;_'6where ,8 lies between zero and one. Using this information: 1. State this consumer's expenditure minimization problem. 2. State the Lagrangian problem that is equivalent to the expenditure minimization problem for this person. 3. Derive the rst order conditions for an expenditure minimizing solution. 4. Determine the Hicksian demand curves for good 1 and good 2. 5. Determine the expenditure function for this person

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