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2. (a) Derive the Hicksian demand functions for the following utility func- tion: u($1, $2) = =1 + 4V2, $1 20,12 20 Does one need

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2. (a) Derive the Hicksian demand functions for the following utility func- tion: u($1, $2) = =1 + 4V2, $1 20,12 20 Does one need to consider the issue of "corner solutions" here? (b) Derive the Marshalian demand functions and the indirect utility function for the following utility function: u(1, 12, x3) = min {vX1, 2\\/12, 2\\/13}, 1 2 0, 12 2 0, 13 2 0 Using the answers you obtained, derive the expenditure function and the Hicksian demand function for good 1

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