Question: 1. 4.8 For the utility function U(q1, q2) = q1 + q2 , solve for the optimal q1 and q2 as functions of the

1. 4.8 For the utility function U(q1, q2) = q1

ρ + q2

ρ, solve for the optimal q1 and q2 as functions of the prices, p1 and p2, and income, Y. (Hint: See Solved Problem 3.5.) M

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