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1. Ted has a utility function over two goods given by u(x1, x2) = ln(x1 +2) + ln(x2 + 1). (a) Assuming an interior solution, calculate Ted's demand functions for x1 and x2 as functions of the prices in, p2 and income m. x1 x2 (b) For what condition on prices p1, p2 and income 171 will there be one or more corner solutions? Write down the demands for x1 and x2 when these conditions hold. Condition for corner solution x1 x2