Question: please answer question and show work 2. [15 marks] Janet has the utility function, U = 2ax1/2 + y, where a is a positive parameter.

please answer question and show work

2. [15 marks] Janet has the utility function, U = 2ax1/2 + y, where a is a positive parameter. Let her income be M, and the prices of goods x and y be Px and Py. (a) Find her Marshallian demand functions. You should present your answer for both corner and non-corner solutions. (b) Suppose M

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