micro-consumer theory

Posted by ritu on Oct 07, 2011; 12:46pm
URL: http://discussion-forum.276.s1.nabble.com/micro-consumer-theory-tp6869180.html

Q1.raman  has convex preferences and dislikes both good x and y......is it possible to draw ic's?if yes explain their direction of increasing utility...

Q2.saumya likes x and dislikes y.if she's served y she will have it to be polite......is it possible to draw ic's?if yes explain their direction of increasing utility.

Q3.aloka always gets twice as much satisfaction from an extra x as she does from an extra y......wot type of preferences are these??(is it cobb douglas????)

Q4.suppose pinki and baby spend their income on x and y...pinki's pref are represented  as U(x,y)=10xy and baby's by U(x,y)=0.20( x square)(y square)...do pinki and baby have same or different pref?????explain...