Question: =+c. Explain intuitively what you have just found. Consider the CES utility function (that has the CobbDouglas function you just worked with as a special

=+c. Explain intuitively what you have just found. Consider the CES utility function (that has the Cobb–Douglas function you just worked with as a special case). For what ranges of r would you expect us to be able to call parents “good” in the way that Bhagwati informally defined the term?

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