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Given Adeoye utility function u=x a y b and the prices of x and y are PX and py a) derive the expenditure function b)assuming
Given Adeoye utility function u=xa yb and the prices of x and y are PX and py
a) derive the expenditure function
b)assuming that a=b from your answer in a) above derive the expenditure function ( note a and b is Alfa and beta
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