Order the answer to: Marvin has a Cobb-Douglas utility function, U = q10.5 q20.5,

Academic Help business-economics Order the answer to: Marvin has a Cobb-Douglas utility function, U = q10.5 q20.5,

business-economics

Order the answer to: Marvin has a Cobb-Douglas utility function, U = q10.5 q20.5,

Question Marvin has a Cobb-Douglas utility function, U = q10.5 q20.5, his income is Y = 100, and, initially he faces prices of p1 = 1 and p2 = 2. If p1 increases to 2, what are his CV, S, and EV?
Subject business-economics
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