Question: U(x1, 22) = V21+ Vx2. 1) (a) For given (p, I), solve the consumer's utility maximization problem to find the Mar- shallian demand function. Verify

U(x1, 22) = V21+ Vx2. 1) (a) For given (p, I), solve the consumer's utility maximization problem to find the Mar- shallian demand function. Verify that his indirect utility function is V(p, I) = P2 P1 P1 + p2 LV P1 P2 (b) Construct the corresponding expenditure function e(p, u). Hint: use the fact that the expenditure function is the inverse of the indirect utility function. (c) Use Shephard's lemma to find the Hicksian demand function h(p, u)

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