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1. A consumer's preferences are represented by the following utility function: u(x1, x2) = x1x2 + x2 a. Find the Marshallian demand functions for X1
1. A consumer's preferences are represented by the following utility function: u(x1, x2) = x1x2 + x2 a. Find the Marshallian demand functions for X1 and X2: (30p) b. Find the consumer's indirect utility function. (10p) c. Verify Roy's identity for the first good
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