The bundle of five pints of each lies on her budget line. Does her optimal bundle change? Explain...
the bundle of five pints of each lies on her budget line. Does her optimal bundle change? Explain. (Hint: See Solved Problem 3.4.) 4.7 Use indifference curve-budget line diagrams to illus- trate the results in Table 3.2 for each of these utility functions. 4.8 For the utility function Ulg, 92) q3, solve or the optimal q, and g2 as functions of the prices and pP2, and income, Y. (Hint: See Solved Problem 3.5.) M 4.9 The Application "Indifference Curves Between Food and Clothing" postulates that minimum lev- els of foodland clothing are necessary to support life. Suppose that the amount of food one has is F, the minimum level to sustain life is F, the amount of clothing one has is C, and the minimum neces- Ouglas
the bundle of five pints of each lies on her budget line. Does her optimal bundle change? Explain. (Hint: See Solved Problem 3.4.) 4.7 Use indifference curve-budget line diagrams to illus- trate the results in Table 3.2 for each of these utility functions. 4.8 For the utility function Ulg, 92) q3, solve or the optimal q, and g2 as functions of the prices and pP2, and income, Y. (Hint: See Solved Problem 3.5.) M 4.9 The Application "Indifference Curves Between Food and Clothing" postulates that minimum lev- els of foodland clothing are necessary to support life. Suppose that the amount of food one has is F, the minimum level to sustain life is F, the amount of clothing one has is C, and the minimum neces- Ouglas