Problem 1 (Perfect complements) Suppose a consumer's preferences are represented by the following utility function 14:31:32) 2 min{2:cl=:cg}. Prices are given by (13151) where p1 > 05 and her wealth is m. (i) Write down the Marshallian demands :clfpl: l: m) and $2031: 15m). Is good 1 normal or inferior? (ii) Compute the indirect utility function o(p1:l=m). 'Without solving the expenditure minimization problem= derive the expenditure function eol= 131;). Hint. Use duality 3(1): e(p= u)) = o. It looks like magic. 0 Suppose there is a price change of good 1 from p? to pi: and pl