Question: Question 1 Consider a utility function, (, ) = 34 . Assume income, , > 0 a) Find the , b) Set up the utility

Question 1

Consider a utility function, (, ) = 34

. Assume income, , > 0

a) Find the ,

b) Set up the utility maximizing problem and solve for the uncompensated demand

functions.

c) Find the indirect utility function

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