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Could you show the detailed steps of this question,especially for d.Thank you The utility function for hamburger and colas is U(H,C)=H (1/4)*C^(3/4), where H and

Could you show the detailed steps of this question,especially for d.Thank you

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The utility function for hamburger and colas is U(H,C)=H (1/4)*C^(3/4), where H and C denote the quantities of hamburgers and colas consumed. Suppose your endogenous income m depends on the following endowment of colas and hamburgers:(WC,wH)=(25,10). (a) If the prices for a hamburger and a cola are pH=3 and pC=2, respectively.what is your optimal bundle of hamburgers(H1) and colas (C1)? (b) If a new tax raises the price of cola to 3,what is your new optimal bundle of hamburgers(H2) and colas (C2)? (c)what should the income m',be in part (b) so that the maximized utility in part(a) is just attainable? (d) Given the price rise in (b) for cola, what is the substitution effect, income effect and endowment effect

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