Question: 1. (5 points) Suppose Daisy eats only apples (good 1) and oranges (good 2). Her preference is represented by the utility function u(x1, x2) =

1. (5 points) Suppose Daisy eats only apples (good 1) and oranges (good 2). Her preference is represented by the utility function u(x1, x2) = min{2x1, x2}. (i) Suppose that p1 = 4, p2 = 2, and m = 24 (income). Find Daisy's demand for apples and oranges. Illustrate your answer on a graph. (ii) Suppose that p1 = 2, p2 = 4, and m = 20 (income). Find Daisy's demand for apples and oranges. Illustrate your answer on a graph

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3. What is my goal?

2. I try to be as logical as possible