Question: 2. For every coffee (C) that Chandler drinks, he needs 2 cups of sugar (S). He won't drink a coffee if he has less than

2. For every coffee (C) that Chandler drinks, he needs 2 cups of sugar (S). He won't drink a coffee if he has less than 2 cups of sugar and he won't care about having more sugar if he doesn't have more coffee. (a) Find a utility function that represents these preferences. Ans: U(C, S) = min(20, S) (note that this representation is not unique) (b) Graph two indifference curves (coffee on the x-axis and sugar on the y-axis). Ans: L-shaped curves (c) Assume that S = 8. Graph U(C, 8) as a function of C

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