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2) Imagine a basic economy with only two goods: food and water. If food is represented by x, and water is represented by y, and

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2) Imagine a basic economy with only two goods: food and water. If food is represented by x, and water is represented by y, and the utility function is a standard CobbDouglas function with equal weights such that: U (any) = 3.5325 Suppose the price of food is $10, the price of water is $5, and your income is $100

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