Question: Problem 1 (10 points) Ananya's utility function is qlq2 3q'2 (a) Derive Ananya's ordinary demands for goods 1 and 2. (b) Show that as

Problem 1 (10 points) Ananya's utility function is qlq2 3q'2 (a) Derive

Problem 1 (10 points) Ananya's utility function is qlq2 3q'2 (a) Derive Ananya's ordinary demands for goods 1 and 2. (b) Show that as good 1 becomes more expensive the demand for good 2 decreases.

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