Question: 3. Let the utility function of a consumer U, be defined over a set of two goods X and Y, U=U{X YB); 3. Compute the

 3. Let the utility function of a consumer U, be defined

3. Let the utility function of a consumer U, be defined over a set of two goods X and Y, U=U{X\" YB); 3. Compute the degree of homogeneity of this function of (assume a + [3 : 1) b. Show whether this function is concave

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