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Answer the following questions on consumer theory. (1) Derive the Slutsky equation. (2) With the indirect utility function v(p 1 ,p 2 ,m)=mp 1 -a

Answer the following questions on consumer theory.

(1) Derive the Slutsky equation.

(2) With the indirect utility functionv(p1,p2,m)=mp1-ap2a-1given, derive the associated expenditure function, Marshallian demand function of x1, Hicksian demand function of x1and the Slutsky equation.

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