A consumer's preferences are given by the following symmetric Cobb-Douglas utility function: u (x, y) = 7xy Suppose Px = 8,Py = 6, and U = 187. (b.) Solve Hicksian demand (i.e. the compensated demand) for y. Your answer must be a decimal, rounded to three decimal places. y# (8,6,187)A consumer's preferences are given by the following symmetric Cobb-Douglas utility function: u (x, y) = 7xy Suppose P x = 8,Py = 6, and U = 187. (a.) Solve the Hicksian demand (i.e. the compensated demand) for x. Your answer must be a decimal, rounded to three decimal places. XH (8,6,187 ) =