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Johnny spends all his income in consuming x number of cookies and y number of macarons. His utility maximization problem is given as: U(x,y)

Johnny spends all his income in consuming x number of cookies and y number of macarons. His utility maximization problem is given as: U(x,y) = x0.5y0.5 s. t. 20 = 2x + y 1. Solve for his Marshallian Demand functions. . 2. Solve for his utility. 3. Solve for .

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