Question: Two Using the CES function given as u = (ax + by) a) Calculate the indirect utility function (10 marks) b) State the properties of

Two Using the CES function given as u = (ax +

Two Using the CES function given as u = (ax + by) a) Calculate the indirect utility function (10 marks) b) State the properties of the indirect utility function and the expenditure function. (10 marks)

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