Question: A consumer has a utility function u(21, 12) = 27 + 2; and a budget constraint pir, + patz = m. For what values of

A consumer has a utility function u(21, 12) = 27 +

A consumer has a utility function u(21, 12) = 27 + 2; and a budget constraint pir, + patz = m. For what values of o does this utility function produce 'good' indifference curves? Derive this consumer's demand functions and show that they are homogeneous of degree zero in (p1, p2, m)

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