Question

3. Complete the following statements:

   1. Taking the partial derivative of the expenditure function with respect to the price

      of X yields ____________________________.

   2. Substituting the Marshallian demand functions into the utility function yields

      _____________________________.

   3. Marshallian demand functions are homogenous of degree ____ in _________________________.

   4. Expenditure functions are homogenous of degree ____ in _________________________

Answer 1

I am writing only what will into blank space and not the entire question :

1. Hicksian demand function

2. Indirect utility function

3. Zero, In income and prices

4. One, In prices.