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Mira'sutility function is given by(, ) = . Her income is 2400 and the prices of the two goods are = 100and = 80. Consider
- Mira'sutility function is given by(, ) = . Her income is 2400 and the prices of the two goods are = 100and = 80. Consider the basketsA= (16,10),B= (20,5) andC= (12,15). Find a Cobb Douglas utility function that will makeBoptimal (with the given prices and income). Show your work and explain your answer.
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