Question

2.1 Miguel considers tickets to the Houston Grand Opera and to Houston Astros baseball games to be perfect substitutes. Show his preference map. What is his utility function? *2.2 Sofia will consume hot dogs only with whipped cream. Show her preference map. What is her utility function?

Answer 1

Dato Page Basebapp Game gudiffenance - Map Do Icel O" - movie ticket to operq Ова елеко. Ряр — Shows the collection of move than one ogndifference lune o since, both goods are perfect Substitute to each other, Indifference will be straight line uhlity fonctanto! Tu(x,y) = ax tby o taste ficket Borball Game = ab 70

DATE: PAGE: 1 Now Sofa will consume hot dogs only with whipped crean. So both the goods are herfect complementary Hot dogt I 63 Itz i Whipped cream Since both the goods are complement they will have I shake IC Utility function is givesi by (x,y) = Min | Ax, By). where whipped creom -4+ Hot dogs 0 AB JO