Question: h. (2 marks) Use the fact that Team 1's utility function is Cobb-Douglas to state its Marshallian demands for period t and period t +

h. (2 marks) Use the fact that Team 1's utility function is Cobb-Douglas to state its Marshallian demands for period t and period t + 1. (Hint: state income in terms of the endowment.)

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Do not pay him, wait until I come

Do not get married, wait until I come, etc.

Do not come to the conclusion too quickly