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Parts d, e, g and F please. 101 1 X You are given two functions: VI (PC, Py, M) = MV/3 (FEB2 and V. (P.

Parts d, e, g and F please.

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101 1 X You are given two functions: VI (PC, Py, M) = MV/3 (FEB2 and V. (P. . P, M) = M ED PaPy a. Of the two functions given above, only one can be an indirect utility function. Which is it and why? b. Use this indirect utility function to derive the minimized expenditure function related to the same utility function. c. Use the minimized expenditure function to derive Hicksian demand for the two goods. d. Derive Marshallian demand for the two goods. e. P, is 1 and Py is 4. What is the share of the consumer's budget spent on x? What is the share spent on y? f. The consumer has income Mo. The price of y goes from 4 to 9. Calculate the total, income, and substitution effects of this change in P. on demand for y as a function of Mo. g. Think of x as goods produced using clean technologies (with zero net carbon emissions) and y as goods produced using dirty technologies (with positive net carbon emissions). A policy maker is hoping to combat global warming by imposing taxes on goods that come with high emissions. If the policy maker is aiming to make consumers choose to spend 4 times as much on x as they do on y, what must the price ratio P./P. be

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