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If 15 points) Consider a consumer in a two conmlodity world. The commodities are denoted 1 and 2. The consumer's preferences are represented by a
If 15 points) Consider a consumer in a two conmlodity world. The commodities are denoted 1 and 2. The consumer's preferences are represented by a twice continuously differentiable utility function etc). For any price vector in >> U, and any level of utility v, the substitution matrix denoted as Sb}, 1:). In other words, ahl (PW) ahlill sum) = aria\"; grifn) 6P1 3132 We also know that, aim) = 6am) 3?? (3171 Consider now a price vector (83.10). The corresponding substitution matrix isI (3' 432) Find a, b and p
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