Question: A consumer's preferences are represented by the following utility function: u(r; y) = Inr + 2lny (a) (5 points) Recall that for any two bundles

A consumer's preferences are represented by the following utility function: u(r;

A consumer's preferences are represented by the following utility function: u(r; y) = Inr + 2lny (a) (5 points) Recall that for any two bundles A and B the following equivalence then holds A> Bu(A) > u (B) Which of the two bundles (CA, VA) = (1, 4) or (TB, VB) = (4, 1) does the consumer prefer

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