Bonus: On homework 2 you found the Marshallian Demands for the utility function U(x,y) =0.5x + 5ln y a) For this utility function calculate the Hicksian demand functions for x and y. b) Use your Marshallian and Hicksian demand functions to calculate the partial derivative of both Marshallian and Hicksian demand for x with respect to p, and the partial derivative of Marshallian demand with respect to income. c) Use your answers for (b) to verify the Slutsky equation.

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