Question: 1.2. Show that the two utility functions given below generate identical demand functions for goods X and Y: a. U(X, Y) = log(X) + log(Y)
1.2. Show that the two utility functions given below generate identical demand functions for goods X and Y:
a. U(X, Y) = log(X) + log(Y)
b. U(X, Y) = (XY).5
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