Consider that the consumer exhibits Cobb-Douglas utility function u(xi;xj) = xi a xj b , where ; gt; 0. For simplicity, you can assume that a+b = 1....

Consider that the consumer exhibits Cobb-Douglas utility function u(xi;xj) = xia xjb , where ; > 0. For simplicity, you can assume that a+b = 1.

(a) Find his Walrasian demand for each good.

(b) Find his Hicksian (compensated) demand, hi(p, u), for every good i = {1; 2}.