Question: There are two commodities: as and y. Let the consumer's consumption set be R1 and his preference relation on his consumption set be represented by

There are two commodities: as and y. Let the consumer's consumption set be R1 and his preference relation on his consumption set be represented by u(:c, y) = W + 4y. When his income is equal to 1 and the prices of good :3, p3 = 1 and of good y, py = 1, 1. Solve the utility maximization problem. 2. Does the solution calculated here obey the llequal bang for buckll condition? Explain. Now assume that the preference relation on his consumption set be represented by u(:c, y) = 4+y. When his income is equal to 1 and the prices of good 3;, pa; = 1 and of good 3/, pg = 1, 1. Solve the utility maximization problem. 2. Does the solution calculated here obey the llequal bang for buckll condition? Explain

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