22 Consider the Cobb-Douglas utility function, u(X, Y) = Xª Y' - ª for a rational consumer i. Derive the Marshallian demand functions for X and Y. ii. Use the Marshallian demand functions for X and Y above to compute the indirect utility function and the expenditure function. iii. Using the expenditure function obtained in part (ii) together with Shephard's lemma, derive the Hicksian compensated demand function for X and Y. iv. Suppose a = consumer's optimal bundle. Illustrate your results graphically as well. v. If the government gives $10 financial support weekly for each family during the COVID-19 lockdown period, how would the results be changed in iv? While presenting the calculations clearly, illustrate the outcome graphically. 0.5, Px Py = $2, M (money income per week) = $100, find the %3D %3D

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Power Operation

Power operation is topic of algebra in Math. It is use to represent repeated multiplication. Very big number and very small number can be easily express using power operation. Power operation is useful in many fields. In space engineering, it helps in representing the distance or size of particular heavenly body. In medical field, it is used to represent very small size. In medical field it helps to mention size of bacteria or virus. 

Exponents

The exponent or power or index of a variable/number is the number of times that variable/number is multiplied by itself.