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Hi, please help below question about economics, thanks in advance. 1) One of the properties of Hicksian Demand functions is that it is homogenous of

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Hi, please help below question about economics, thanks in advance.

1)

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One of the properties of Hicksian Demand functions is that it is homogenous of degree zero in prices, that is :IIHA p, u) = :rp, u) for all A > 0 scaling all the prices proportionally does not change the solution to the expenditure minimization. One implication of this homogeneity is that the following must hold: p1 6x?(p, u) Bxp, u) = (9P1 apt: Now reconsider the matrix shown in the previous exercise. Assume that the prices when S was observed are are p1 = 1, p2 = 2 and p3 = 6. Using the properties of S and the above equation, identify the values of a, d and f and enter them in the space provided on Canvas +---+pn 0, Vi=1,...,n. Suppose the expenditure function is given by the following equation: 1 2 3(1):\") = (gm + VP1P2 + E192) U At a target utility of H: 1, which of the following statements are true? 1 2 an whats) > g and $519,\") > 3 10- whats) S and $519,\") SE c. x1(p,u)=and x2(p,u)=% d. None of the above

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