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Consider a Cobb-Douglas utility function: *ATTACHED AS AN IMAGE with the question* Part A) Find the demand function given (p1, p2, m) Part B) Find

Consider a Cobb-Douglas utility function:

*ATTACHED AS AN IMAGE with the question*

Part A) Find the demand function given (p1, p2, m)

Part B) Find the price effect dx1/dp1

Part C) Use the calculus version of the Slutsky equation, find the substitution effect.

image text in transcribed
Consider a Cobb-Dogulas utility function: -0.4 0.6 U(x1 , X2 ) = X X2

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