# Cobb-Douglas Utility Function Assignment | Homework For You

1. A function f(X,Z) homogeneous degree y , we multiply each argument a constant, α, f(αX,αZ)=αTf(X,Z). Thus, if a function is homogeneous of degree zero, f(αX,αZ)=f(X,Z) because α0=1. Show that optimal conditions for Cobb-Douglas utility function U(X,Z)=xaz1-a are homogeneous of degree zero. Explain why that result is consistent with the intuition that if we double all prices and income, the optimal bundle does not change. Let the price of good X be Px, let the price of good Z be Pz, and let income be Y. Solve the optimal value of good X and Z!
2. Boyd has the following utility function: U=100B.C0.5, where B represents books and C represents audio CDs. Bundle A contains 7 units of good B and 36 units of good C. Bundle B contains 10 units of good B and 9 units of good C. Which bundle does he prefer? How much is his total level of utility in this case? Get Economics homework help today

Don't use plagiarized sources. Get Your Assignment on
Cobb-Douglas Utility Function Assignment | Homework For You
Just from \$13/Page
Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Always check word count when proofreading.
Customer 452441, April 6th, 2022
On point.
Customer 459947, April 15th, 2022
Entertainment & Gaming
Good content.
Customer 452441, April 4th, 2022
Good work. Looking foward to future contributions.
Customer 463463, October 29th, 2022
Excellent work. Looking forward to working with you in the future.
Customer 463467, November 10th, 2022
History
Thank you so much for the help. This work is everything I could have asked for and more.
Customer 454439, June 8th, 2020
Writer was very patient and completed on time
Customer 452707, October 4th, 2022
Project Management
I gave a lower rating on the service because, a notification from the support team went out but it did not come to my email address. Had I not looked earlier on the website, then I would have been penalized for not turning in my paper on time. On my profile, I have a phone# and I also have an email address. Please set up a system to text or email new messages or notifications from the writer or support team. This will ensure that the order is processed in a timely manner. With the new and upcoming technology, this seems like it should be an easy fix to have a tool built in the website to email or text notifications of changes to orders. This is no reflection to the support team. I see this as a system issue and not a support team issue.
Customer 463323, September 26th, 2022
Human Resources Management (HRM)
It's great. I recommend the writer.
Customer 454223, April 9th, 2020
Medicine
Great job.
Customer 463301, November 14th, 2022
Other
Excellent work.
Customer 459155, June 7th, 2022
Human Resources Management (HRM)
Thank you for this excellent power point
Customer 453633, February 24th, 2020
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend