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2. (a) Derive the Marshallian demand functions and the indirect utility function for the following utility function: ($1.32) ={il31}1'F4 + 41172: $1 2 9: $2
2. (a) Derive the Marshallian demand functions and the indirect utility function for the following utility function: \"($1.32) ={il31}1'F4 + 41172: $1 2 9: $2 2 '1 Does one need to consider the issue of \"corner solutions\" here? If so, make sure to incorporate it into your solution. [b] Jim is considering between two jobs. His utility function is as given in (a). In city A, the per-unit prices of $1 and E; are $1 and $4 respectively, and he earns a salary of $2013 a month. In city .3, the per-unit prices of 3:1 and I2 are $1 and $3, and he will earn a salary of $300 a month. Which job should he choose? Why
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