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Business, 03.12.2021 03:20 Gattuso

Write out the solutions to the dual problem of maximizing U subject to and minimizing expenditure given utility of . Let in both cases and find the indirect utility function and the indirect expenditure function. Note, this requires that you find the Marshallian and Hicksan demands. Comment of the SOSC in each case.

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Write out the solutions to the dual problem of maximizing U subject to and minimizing expenditure gi...
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