Question: The utility function is u(21, 12) = min(22 + 221, 21 + 2r2}. (a) Draw the indifference curve for u(21, 22) = 20. Shade the

The utility function is u(21, 12) = min(22 + 221, 21 + 2r2}.

(a) Draw the indifference curve for u(21, 22) = 20. Shade the area where

"(z), T2) ≥ 20.

(b) For what values of p:/p2 will the unique optimum be r1 = 0?

(c) For what values of p1/pz will the unique optimum zi = 0?

(d) If neither ri nor #2 is equal to zero, and the optimum is unique, what must be the value of $1/$2?

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