=+B.**Suppose that, if we did not cook turkeys, we could consume 100 units of “other consumption,”

but the time it takes to cook turkeys takes away from that consumption. Setting up the turkey fryer costs c units of consumption and waiting 3.5 minutes (which is how long it takes to cook 1 pound of turkey) costs 1 unit of consumption. Roasting a turkey involves no set-up cost, but it takes 5 times as long to cook per pound. Suppose that tastes can be characterized by the CES utility function u(x1

, x2

) 5 (0.5x1 2r 1 0.5x2 2r )

21/r where x1 is pounds of turkey and x2 is “other consumption.”