c. Next, suppose that my utility function is also CobbDouglas, taking the form u1x, y2 5 11440

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c. Next, suppose that my utility function is also Cobb–Douglas, taking the form u1x, y2 5 11440 2 x2 b

y 112b2

. Derive again the amount of music that will be played (assuming zero transactions costs). Does your answer depend on e? Does the equilibrium price depend on e?

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