Question: 3. [6 Marks] Consider a consumer with preferences represented by a utility function u(T1, T2) = max { X1, 12}. The prices of x1 and

3. [6 Marks] Consider a consumer with preferences represented by a utility function u(T1, T2) = max { X1, 12}. The prices of x1 and 12 are denoted as p1 and p2 and income is denoted as m. (a) (2 marks) Illustrate the indifference curves of this preference relation

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