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Question 7 (2 points) Let the expenditure function for an individual be: E(P1,p2) = U*(P1P2)1/2. What is the Marshallian demand for good 1? SHOW WORK

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Question 7 (2 points) Let the expenditure function for an individual be: E(P1,p2) = U*(P1P2)1/2. What is the Marshallian demand for good 1? SHOW WORK insufficient information to determine X1 = U/(21) X1 = 1/(21) x1 = U/2 *(P1/P2)1/2 X1 = 1/(2p1P2) x1 = 1/(21P2) x1 = U/2 *(p2/ p1)1/2 X1 = 1/(p1)

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