本次香港代写是经济学的习题
1. (1) Suppose u = x1x2 , (x1 , x2 )∈ R2+ ，find the expenditure function e (p1, p2, u), that
corresponds to the utility function.
(2) Suppose u’= lnx1 + lnx2 , (x1 , x2 )∈ R2+ ，find the expenditure function e’ (p1, p2,
u’), that corresponds to the utility function.
2. Lily’s utility function is U(X, Y) =X2Y3, where X and Y represent the quantities of the
only two goods Lily consumes. The prices of the two goods are px=$2 and py=$6. Lily’s
income is $1,000 per month.
(a) Find the quantities of X and Y Lily would consume in order to maximize her utility.
(b) Suppose py goes up to $10. What will now be the utility maximizing quantities of
consumption?
(c) Find the compensating variation of this price change.