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1. Let U(x,y) Vx+vy. Find the following: a. the Marshallian demand functions for x and y. b. the indirect utility function. c. the compensated (Hicksian)

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1. Let U(x,y) Vx+vy. Find the following: a. the Marshallian demand functions for x and y. b. the indirect utility function. c. the compensated (Hicksian) demand functions for x and y. d. the expenditure function. e. Use your answers to a and d to derive the Hicksian demand functions for x and y. Compare these to your answers to c. Explain what you are doing. f. Use your answers to b and c to derive the Marshallian demand functions. Compare these to your answers for a. Explain what you are doing. g. Write the Slutsky equation for good x

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