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Please provide an explanation for the question, thanks in advance. 82 1/81 Suppose the individual's utility function is U(x1, X2) = (q1 , where 91,

Please provide an explanation for the question, thanks in advance.

82 1/81 Suppose the individual's utility function is U(x1, X2) = (q1 , where 91, 92 2 0 and 8 # 0. If 61 = 62 = 6. Show that a) when o = 1 the goods are perfect substitutes b) as 8 - 0 preferences tend to Cobb-Douglas with equal budget shares

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