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1. A consumer has wealth to r: 300 which she spends on goods ac and y.The prices are pa; 2 5 and pg 2 10,

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1. A consumer has wealth to r: 300 which she spends on goods ac and y.The prices are pa; 2 5 and pg 2 10, respectively, The consumer's preferences over x and y are such that she wants exactly two units of :2: for every unit of y. (a) Find the ordinary (Mershallian) demand functions for :17 and y, and the indirect utility function. ( ) 2w :2: w 2 p' 2:03: + pg 21} I y 210 DU), \"0 2 233:1: "I" py

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