Question: Suppose u(x 1 ,x 2 ) = .2ln(x 1 ) + .8ln(x 2 ) income = x 1 p 1 + x 2 p 2

Suppose u(x1,x2) = .2ln(x1) + .8ln(x2)

income = x1p1 + x2p2

Find the marshallian demand, minimum expenditure function (e), hicksian demand

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