Question: ow suppose Jack s preferences are represented by u ( x 1 , x 2 ) = 2 x 1 2 1 x 1 2
ow suppose Jacks preferences are represented by ux xx
x
How many
utils would the bundle generate?
e The indifference curve through the bundle also passes through the bundles
and
f Draw the indifference curve that passes through the five bundles below. Label it IC
What type of preference does this utility function represent?
x
x
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