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1. Consider the following CES utility function: i i 2 u(:c) = [311:12 +3322] . 0 Show that the function is homothetic. 0 Draw one

1. Consider the following CES utility function: i i 2 u(:c) = [311:12 +3322] . 0 Show that the function is homothetic. 0 Draw one indifference curve. 0 Compute the marginal rate of substitution

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