2. Consider a household with preferences over N goods represented by the constant elasticity of substitution utility function: U(:1:1,...,1:N)=[Z$f:|p p51. (1) 3. Calculate the household's marginal utility from consuming good 2'. b. How does this marginal utility depend on the number of goods consumed, N ? How is this affected by the parameter p? c. What happens if p : 1? Suppose now that N : 2 so that the household consumes just 2 goods and the utility function is now: U(a:1,$2):[3:'1+ mg p