Question: Please help with this problem. 4. (2 points) The utility function is u(:131,:L'2) = 5min{ac1, 1'2} + 2132. Suppose that the constraints are as follows:

Please help with this problem.

4. (2 points) The utility function is u(:131,:L'2) = 5min{ac1, 1'2} + 2132. Suppose that the constraints are as follows: I 2 331531 + 102332, :31 2 0, 3:2 2 0 where I is income, p1 is the price of good 1 and 332 is the price of good 2. (a) Find the demand functions for good 1 and good 2. (1 point) (b) Plot the demand functions for good 1 and good 2. (1 point)

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