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Bob has m= $12 to spend on pretzels (good 1) and potatoe chips (good 2) each week. Pretzels and chips each cost $1 per bag,

Bob has m= $12 to spend on pretzels (good 1) and potatoe chips (good 2) each week. Pretzels and chips each cost $1 per bag, so p1 = p2 = 1. Harry's preference for pretzels and chips can be represented by the Cobb Douglas utility function: U(x1,x2) = x1^ x2^. Derive the demand for pretzels and potato chips at these prices

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