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 u(x1, x2)=2x 1
2
1 x 1
2
2+10. How many
utils would the bundle (20,5) generate?
(e) The indifference curve through the bundle (20,5) also passes through the bundles (,10),
(,40),(5,), and (,2.5)
(f) Draw the indifference curve that passes through the five bundles below. Label it IC1.
What type of preference does this utility function represent?
x2
x15101520253035404550
5
10
15
20

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