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1. Suppose Kevin has the Cobb-Douglas utility function u(x; y) =(x^a)(y^1-a), where 0<a<1 , x >0 and y > 0. His budget constraint is px+y=m.
a) Solve for Kevin's demand function x(p).
b) Explain why his demand curve is decreasing in p.
organizational structures and the bottom linei am meeting with other department members and the topic will be the about
In this paper, provide a descriptive title or heading for your paper by focusing on topics or countries that interest you (such as "Trade Patterns and Developments in Country X and Country Y"), and then discuss the following concepts:
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Perhaps you are calling on behalf of your boss, the same boss you used for your email assignment), the company is related in accounting department.
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