For the utility function $u(x, y) = x^{1/5}y^{1/4}$,
(i) Calculate the optimal demand functions $x^*$ and $y^*$.
(ii) From the maximized utility function $u(x^*, y^*)$, determine whether the
associated preferences are risk-averse, risk-seeking, or risk-neutral. (You may
find it convenient to write the maximized function in the form $u(x^*, y^*) =$
$\phi\omega$ to avoid clutter - but it's up to you.)
For a bonus point, what do you think is the condition for utility function
$u(x, y) = x^a y^b$ to represent risk-averse preferences?