Part 2: Longer Problems 1. Suppose the utility function is U(x, y) = 36x1/2+y, the price of x is the price of y is py. Income is M. The marginal utility of x is MU and for y, MUy = 1. (a) Find the Marshallian Demands for x and y. (b) Find the Hicksian Demands for x and y. (c) Find the expenditure function. (d) Suppose Pa (Ū)? = Px and 18 x1/2 $3, py = $1 and M $120, what is the utility level =

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A: referencehttps://www.investopedia.com/terms/m/marginalcostofproduction.asp