Utility (Chapter 4) Problem 7 Recall Chad from problem 4. Chad consumes protein shakes (x ) and chicken breast (x.). Note that Chad's utility function is of the form U(x,,X.) = XXg. a) If Chad consumes (x x) = (40,5), what is his utility U(40,5)? b) The indifference curve through (40,5) includes all commodity bundles (xp,x,) such that x x, is equal to c) The indifference curve through (40,5) has the equation x. =_ d) On the graph draw all consumption bundles (x x.) such that Chad likes exactly as much as the bundle (40,5). e) Chad's gym buddy Kyle wants to give him 15 pounds of chicken breast in return for 25 gallons of protein shake. Would Chad agree to this trade if he had 40 gallons of protein shake and 5 pounds of chicken breast? () What is the highest number of gallons of protein shake that Chad is willing to trade in return for 15 pounds of chicken breast, if he has (Xp,x.) = (40,5)