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plz solve these problems PT. sider the utility function U(x, y) = x3 + 2y. Derive the two Marshallian demand functions for goods r and

plz solve these problems image text in transcribed

PT. sider the utility function U(x, y) = x3 + 2y. Derive the two Marshallian demand functions for goods r and y. Are the above demand functions homogeneous? Yeso, justify your ans Derive the two Hicksian demand functions for goods x and y. y. PT. sider the utility function U(x, y) = x3 + 2y. Derive the two Marshallian demand functions for goods r and y. Are the above demand functions homogeneous? Yeso, justify your ans Derive the two Hicksian demand functions for goods x and y. y

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