Microeconomic Theory - Marshallian demand Functions & indirect utility function. - Consider the problem of maximizing u = (x1x2)2 subject to p1x1 + p2x2 = y. Derive the Marshallian demand functions and the indirect utility function; and confirm that Roy's identity holds.
utility - I JUST NEED THIS ONE DONE.
2. Given that the Arrow-Pratt measure of absolute risk-aversion is a constant, derive the corresponding form of the von Neumann-Morgenstern utility funciton.
Microeconomics consumer choice utility function - see the file
Education, Taxes, Hicksian Demand - Please see the attachment. I require very specific explanations for each part. If necessary, assumptions may be made but please make these explicit and make sure they are reasonable so that I can follow what you did.
calculus 3 and 4 - Show all work, don't explain each step. Please DON'T submit answers back to me as an attachment. Thank you.
Determine whether the function is homogenous. If it is, state the degree:
f(x, y)=5x^2 + 2xy