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Question 2: Cobb Douglas Utility function is given as follows: U(X,Y)=X04706 a. Find b. Find SS c. Show whether Homogeneity holds. 1 d. Check whether

Question 2: Cobb Douglas Utility function is given as follows: U(X,Y)=X04706 a. Find b. Find SS c. Show whether Homogeneity holds. 1 d. Check whether Engel aggregation holds. e. Check whether Cournot aggregation holds. f. Check whether Slutsky equation holds

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