Cobb-Douglas Exponent

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Oct 5, 2016, 4:32:58 PM10/5/16

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When the exponents don't add up to one, is it not possible to determine how much of the income is spent on each?

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Oct 12, 2016, 12:04:44 AM10/12/16

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I don't believe it is, but you can manipulate the utility function so that the exponents add up to 1 (someone correct me if I'm wrong)

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