Lexicographic Preference

[ILASM]

Given a budget set, how do I maximize the utility of a consumer having lexicographic preference? Any general methods?

[ILASM]

Amit Sir please help!

[kangkan]

u cant draw indifference curves for lexi preferences.....so there are no general methods

[Akshay Jain]

U cant draw ICs for lexicographic preferences.....so the standard utility maximisation exercises cannot be used
if a person is given an income of Rs 10 px is 2 nd py is 1 and the person lexicographically prefers x
then in given income he will demand all x nd no y that is (x*,y*)=(5,0)
this is the maximization of preferences nd not utility..