Question: Agents A and B have the following expenditure functions. In each case, state whether or not the observable market behaviour of the two agents

Agents A and B have the following expenditure functions. In each case,

Agents A and B have the following expenditure functions. In each case, state whether or not the observable market behaviour of the two agents will be identical. Justify your answers. (a) e^(p, u) and e (p. u) = e^(p. 2u). (b) e (p. u) = k(u)g (p), where K'(u) > 0, and e(p. u) = 2 (p. u).

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