Andrew is a deeply committed lover of croissants. Assume his preferences are Cobb-Douglas over croissants (denoted by D on the x-axis) and a numeraire good (note: we use the notion of a numeraire good to represent spending on all other consumption goods - in this example, that means everything other than croissants - its price is normalized such that P₁ = $1). Assuming Andrew's utility function is given by U(C, N) = CEN and his income is $64 a year, his Marshallian demand for croissants will be Dc (Pc, PN,Y) = 2pc The expenditure minimization problem yields his compensated (Hicksian) demand for croissants, his compensated (Hicksian) demand for the numeraire good, and his expenditure function: Y Hc = U 1/2 1/2 U (PC) ²/² E (Pc, PÑ‚Ū) = Pc * Hc + Pn * Hn = 2Ū(Pc * Pn)¹/² HN = U a. You've been hired by a government official considering a proposed piece of legislation that would increase the price of croissants from $1 to $4 while leaving incomes unchanged. Find the original level of utility Andrew achieved before the price increase, then compute the Compensating Variation for this price increase, that is, the minimum amount that Andrew would need to be paid so that he's no worse off after