Question: Question 2 {2i} marks]. Georgina consumes only pasta [good e} and wine [good 3:]. Her utility function '5 given by Uis1y}= Slum + hay. [a]
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Question 2 {2i} marks]. Georgina consumes only pasta [good e} and wine [good 3:]. Her utility function '5 given by Uis1y}= Slum + hay. [a] Consider only bundles with both a: 3: and y :3- i}. Are Georgina's preferences monotone? Are they strictly monotone? [Ices this utility functicn satisfy diminishing MR5? {5 marks} {Ia} Find the ExpEriditure-minimising bundle [1." y] as a function cf the prices 11, and p\
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