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A consumer has a Cobb-Douglas utility function u(x,y) = x a y b where a> 0 and b> 0. Derive the demand functions for x

A consumer has a Cobb-Douglas utility function u(x,y) = x^ay^b where a> 0 and b> 0. Derive the

demand functions for x and y when income is M and the prices for x and y are P_x > 0 and P_y > 0, respectively.

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