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Find the utility-maximizing bundle for a Cobb Douglas utility function (, ) = 1 where X and Y denote two goods and a is the
Find the utility-maximizing bundle for a Cobb Douglas utility function (, ) = 1 where X and Y denote two goods and "a" is the preference parameter. Assume that and denote the price of good X and Y, respectively, and I denotes the income
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
