Question: 5. Using the basic model lecture from week 3, show in a figure: (a) how the consumer's Marshallian choice problem for the preferences in question
5. Using the basic model lecture from week 3, show in a figure: (a) how the consumer's Marshallian choice problem for the preferences in question 1 constructed the demand for good 1 and 2 (That is, draw a picture of the optimal choice for a price p >> 0, income m > 0. (b) how how the consumer's Marshallian choice problem for the preferences in question 2 constructs demand for good 1 and 2 for a price p >> 0, income m>0; and finally, (c) how the consumer's Marshallian choice problem for the preferences in question 3 construct demand for good 1 and 2 for a price p >> 0, income m > 0
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