dx dy (b) Calculate the comparative static derivatives ' and interpret these results. [2] 04: Minimize P x +Pyy Subject to (x + 5)y = U" (a) Find consumer's Hecksian demand functions x" and y". [5] () Find the minimum value function = E(Px, Py, U). [2] (c) Write associated dual problem. [1] (d) Deduce the indirect utility function V. [3] (o Use Roy's identity to find the Marshallian demand functions of associated dual problem. i.e. avar V/ap, =x". av OB ym OV/B = 1 [4] Best of Luck 2 dx dy (b) Calculate the comparative static derivatives ' and interpret these results. [2] 04: Minimize P x +Pyy Subject to (x + 5)y = U" (a) Find consumer's Hecksian demand functions x" and y". [5] () Find the minimum value function = E(Px, Py, U). [2] (c) Write associated dual problem. [1] (d) Deduce the indirect utility function V. [3] (o Use Roy's identity to find the Marshallian demand functions of associated dual problem. i.e. avar V/ap, =x". av OB ym OV/B = 1 [4] Best of Luck 2