Hicksian Demand

Question

Question

Find the Hicksian demand function and the expenditure functions for the agent who has following utility functions:

• u(x1,x2)=x1 +2x2
• u(x1,x2)=min{x1,4x2}

• u ( x 1 , x 2 ) = x α1 x β2

Answer 1

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