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1 Cobb-Douglas demand Suppose that an agent has CobbDouglas utility over X = R1 : U($1a$2) = whim, where 0 0 and faces linear prices

1 Cobb-Douglas demand Suppose that an agent has CobbDouglas utility over X = R1 : U($1a$2) = whim, where 0 0 and faces linear prices 121,102 > 0 for each good. 1. Find the agent's optimal consumption bundle, as a function of a, 10,121,122. 2. What fraction of the agent's total wealth does she spent on each good? Does this change with prices or wealth

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