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Consider the utility function: u( x1 , x2 ) = 2√ x1 + 2√x2 a) Find...

Consider the utility function:

u( x1 , x2 ) = 2√ x1 + 2√x2

a) Find the Marshallian demand function. Use ( p1 , p2 ) to denote the exogenous prices of x1 and x2 respectively. Use y to denote the consumer's disposable income.

b) Find the indirect utility function and verify Roy's identity

c) Find the expenditure function

d) Find the Hicksian demand function

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