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Hi, I only need B-E. thank you so much for your help. 1. A consumers utility is defined by the function U=X1 X2 1/2 Assume

Hi, I only need B-E. thank you so much for your help.

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1. A consumers utility is defined by the function U=X1 X2 1/2 Assume the prices of x1 and x2 are respectively defined by pi and p2, and the consumer has w dollars in income. (a) Find the consumers Marshallian demand for both goods, x(p, w). (b) Calculate the indirect utility function, v(p, w). (c) Find the consumer's expenditure function, e(p, u), from the indirect utility function. (d) Derive the consumer's Hicksian demand functions, r(p, u), using Shephard's Lemma. (e) Confirm that your answers above are correct by minimizing the expenditure needed to reach u level of utility

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