Suppose the number of goods is 2, that is L = 2, and that the utility function is,

\"(3517932) : W71+ x/JTZ- (1) Carefully7 neatly7 and accurately graph the indifference curves through the consumption bundles (1,1) and (2,2). Do these indifference curves ever hit the axes? If so7 at what points? If not7 explain why you know that they do not, (10 marks) Now7 consider a consumer who consumes only two goods, good 1 and good 2 with corresponding prices p1 and p2. Suppose that this consumer has an expenditure function \"191102 P1 + 292' (2) Is this expenditure function homogeneous and7 if so, to what degree and in what variables? There are a number of correct answers to this question, Give as complete answer as you can and indicate which part of your answer follows directly from the theory of the consumer. (5 marks) (3) Find this consumer's Marshallian and Hicksian demand functions, carefully explaining how you do so and what results from the theory of the consumer you are using. (10 marks) (p17p271t)