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Utility function is given as

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1 U= 213 Mes,y 7udrtuhen betroen and 0 뚝 두 Phe indoffauene uwe e ) Conetraint M- 15 tan MArimi sudjus ndiher :fint -ondn marinui zatin J: Px 2 2 wstait H-yy 2 For thtn

Ty 12 Dand 2 M M- 4 M- M Daman 1 Homeyaneous 1. :. Tudinet ukuy foutin (ue) 2 M-30

1) 3 12. ukuky fuchin 1auy ophmal hoien pavious thit is monotonit hen oforerakionhi kepe vnchanpd J 720 12 3y 5 20 12.5 99

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Answer 1

1 U= 213 Mes,y 7udrtuhen betroen and 0 뚝 두 Phe indoffauene uwe e ) Conetraint M- 15 tan MArimi sudjus ndiher :fint -ondn marinui zatin J: Px 2 2 wstait H-yy 2 For thtn

Ty 12 Dand 2 M M- 4 M- M Daman 1 Homeyaneous 1. :. Tudinet ukuy foutin (ue) 2 M-30

1) 3 12. ukuky fuchin 1auy ophmal hoien pavious thit is monotonit hen oforerakionhi kepe vnchanpd J 720 12 3y 5 20 12.5 99