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11. Brianna is a foodie with very particular preferences. In fact, she only ever buys one jar of salsa (X) and four bags of chips
11. Brianna is a foodie with very particular preferences. In fact, she only ever buys one jar of salsa (X) and four bags of chips (Y). She gets no additional happiness from more than four bags of chips per jar of salsa. Thus, her utility function is U = min x, - a. What is Brianna's utility if she uses the following combinations of X and Y: X Y U = min x,ly}. 2 8 Ex: U = min 2, 18)= min{2,2} =2 2 12 4 8 4 16 4b. Graph Brianna's indifference curves for U = 2 and U = 4. 24 Label them U = 2 and U = 23 22 4. 21 20 c. Label point R where Brianna 19 18 has 2 jars of salsa and 12 17 bags of chips. How would 16 you describe Brianna's MRS 15 for jars of salsa? Explain. 14 13 Y = Bags of Chips OHNWAVID JOODOWN d. Label point S where Brianna has 4 jars of salsa and 8 bags of chips. How would you describe Brianna's MRS for jars of salsa? Explain. 0 2 4 6 8 10 12 14 16 18 20 22 24 X=Jars of Salsa e. What kind of goods are jars of salsa and bags of chips to one another for Brianna
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