Question: 1. Suppose a consumer has the following utility function: U(qt, qc) - In(qt ) + vac where ge is the quantity of tea consumed and

1. Suppose a consumer has the following utility function: U(qt, qc) - In(qt ) + vac where ge is the quantity of tea consumed and qc is the quantity of coffee consumed. Is it possible to have a corner solution here (i.e. will gt or qc ever = 0)? Explain. Cs Scanned with CamScanner 2. To allow for an easier examination for CV and EV , instead of the above utility function above: let

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