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Please solve on paper. It's easier to follow along and understand. 5. In general, for a Cobb-Douglas Utility function of the form U = xayb,

Please solve on paper. It's easier to follow along and understand.

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5. In general, for a Cobb-Douglas Utility function of the form U = xayb, where x is the amount of good x consumed and y is the amount of good y consumer, how would you represent the share of income spent on each good where a + b = 1 and where a + b # 1

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