uppose The Consumer Has Cobb-Douglas Preferences

October 16, 2020/in Uncategorized /by Daniel Shaw

1. Suppose the consumer has Cobb-Douglas preferences U(x₁, x₂)=X₁^aX₂^b Find out Ordinary Demands

2. Suppose the consumer has a perfect complement preferences U(X₁,X₂)=min{aX₁, X₂} Find out Ordinary Demands

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uppose The Consumer Has Cobb-Douglas Preferences

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