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2 The utility function of a consumer is u(X1, X2) = 2x7 + x, ,p > > 0. For this specific utility function, a) Show

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2 The utility function of a consumer is u(X1, X2) = 2x7 + x, ,p > > 0. For this specific utility function, a) Show that the Marshallian demands are 4mpz X1 = PIP2(P1 + 4p2) mp1 12 = PIP2(P1 + 4p2) b) Show that the indirect utility function is 4 1 v(P1, P2, m) = m + P2 3

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