Question: ackie has a Cobb - Douglas utility function = 1 2 1 . a . Derive the expenditure function for good 1 . b .

ackie has a Cobb-Douglas utility function =1
2
1.
a. Derive the expenditure function for good 1.
b. Given that =0.4 in Jackies utility function, what is her compensated demand
function for 2?

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