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Given Marshallian function for good x and y as follow X=αI/Px Y=((1-α)I)/Py (a) According to Marshallian demand function; find inverse function V(P,I) for Cobb Douglas function, U=X^α Y^(1-α) (b) Derive expenditure function e(p,u) (c) From expenditure function, derive Hicksian demand function for h1 (Px,U)and h2 (Py,U)
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