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

Let the utility function of a consumer U, be defined over a set of two goods X and Y, U=U(X Y);

a. Compute the degree of homogeneity of this function of (assume + = 1)

b. Show whether this function is concave.

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