Let I represent the amount of income that Mead budgets for food. In words, what is the interpretation of PsS/I? (11) No matter what Ps and I are, Mead always chooses S so that PsS/I = (12) Now turn this relationship around and write S as a function of P5 and I: (13) S = The analogous equation for T is T = (14) Use your results to obtain the indirect utility function of Mead. That is, substitute your functions for S and T into his utility function so that U is written as a function of Ps, Pt, and 1: man: Now, find MeadDS expenditure function. That is turn your indirect utility function around so that I is a function of Ps, Pt, and U. Vrewed in this way, the function tells you how much Mead has to spend in order to achieve utility level U at prices P5 and Pt: (mu