Question

Consider a Cobb-Douglas utility function
U (X, Y) = X1/5y4/5
where X and Y are the two goods that a consumer has an option to consume at per unit prices of Px and Py,
respectively. Assume income of the consumer to be Rs M. Determine
(a) Uncompensated demand functions for goods X and Y
(b) Compensated demand functions for goods X and Y​

Answer 1

Answer:

UM ITS HARD I CANT TELL IT

Explanation:

AM SO SORRY BUT I THINK i KNOW 1ST 1