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1.54 The n-good Cobb-Douglas utility function is u(x) = A n i=1 x αi i ,...

1.54 The n-good Cobb-Douglas utility function is u(x) = A n i=1 x αi i , where A > 0 and n i=1 αi = 1. (a) Derive the Marshallian demand functions. (b) Derive the indirect utility function. (c) Compute the expenditure function. (d) Compute the Hicksian demands.

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