Question: Question 5 The utility function is u($1, 12) = 3(x1)2/3 + 12 (a) Find the function that describes the indifference curve (for a given utility

Question 5 The utility function is u($1, 12) = 3(x1)2/3 + 12 (a) Find the function that describes the indifference curve (for a given utility level k). (b) Compute the marginal rate of substitution. (c) The price of good 2 is 1, the price of good 1 is 2, and the consumer's wealth is w where w > 2 so that the consumer can afford at least one unit of good 1 and some good 2. Find the optimal consumption plan as a function of w

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