a. Show that CES function U(x, y) = α x ^ δ/δ + β y^δ/δ is homothetic.
b. Show that the MRS is strictly diminishing on x for all values of δ < 1.
c. Show that if x = y, the MRS for this function depends only on the relative sizes of α and β.
d. Find the Marshallian demands when δ = 0.5