Question: u(p,w)=p+2wrepresent the consumer's utility function, where P represents pancakes and W represents waffles. (I was kind of hungry when I wrote this question.) The rate

u(p,w)=p+2wrepresent the consumer's utility function, where P represents pancakes and W represents waffles. (I was kind of hungry when I wrote this question.) The rate at which the consumer is willing to give up P to consume an additional unit of W is

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3. How much information do we need to collect?

2. What types of information are we collecting?

5. How quickly can we manage to collect the information?