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C1 Canrider theutility function xx) =Vane a What kind of preferences does it represent? b Is the fundinny foxxx) =riza nomtoric transformation of ulexx>? Hint:
C1 Canrider theutility function xx) =Vane a What kind of preferences does it represent?" b Is the fundinny foxxx) =riza nomtoric transformation of ulexx>? Hint: Use the MRStoprove nontonicity (cIs the fundim women> =mixamonotonansformoftio urxox>. Hit: Use theMRStopovenomtoricity C2 Aconsumer has a Cobb-Douglas utility functionxx =9 baa Usehdogarithformfthdagrangidtiplicethol drive the Mushallianordinary denand for both goods
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