# 4. Expenditure function and Hicksian Demand [1(er (23:) = V Qny a.) Solve for the utility maximization problem and nd the uncompensated (Marshallian)…

For (e), how do we graph Marshallian and Hicksian demand graph?

4. Expenditure function and Hicksian Demand [1(er (23:) = V Qny a.) Solve for the utility maximization problem and ﬁnd the uncompensated (Marshallian) de-mand function Q;,Q; for given pr, 19,, I, what is the level of utility given this optimal bundle? Consider an utility function b.) Find the expenditure function E“ given p,” p3,, and ll Derive compensated (Hicksian) de-mand functions Q; Q; (hint: Hicksian dermds can befound by taking the partial derivatives ofthe expenditure function with respect to the price {jean}: good)

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