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I have no idea what to do here.

 

Stevie consumes two goods. The expenditure function is given by:

$$e(p_1,p_2,u) = \frac{up_1p_2}{p_1+p_2}$$

a) Determine the direct utility function of Stevie

b) it is given that the Hicksian demand of Stevie for good 2 equals 4 if $$p_1 = 2 \mbox{ and } u = 25$$

Determine the value of $$p_2$$

 Jun 21, 2014
 #1
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Tell me? what grade is this rein- out?

 Jun 21, 2014
 #2
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Where I come from we learn this in 3rd grade. O’Course, I never passed 3rd grade…. Well, finally I did, cause the teacher was tired o' looking at me.

Maybe the teacher will get tired o' looking at you too.

 Jun 21, 2014
 #3
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THIRD GRADE MY EH!!!!YOU MUST BE ASIAN RIGHT?!

 Jun 21, 2014

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