1. U( x 1 , x 2 ) = min { x 1,
x 2 }
If the price of good 1 is $8/unit, the price of good 2 is
$2/unit, and income is $51...
What is this person's optimal consumption level for good 2?
2. U( x 1, x 2 ) = min { x1 /2
, x 2}
If the price of good 1 is $4/unit, the price of good 2 is
$8/unit, and income is $93...
What...