2. Backing Out Amenities The table below gives log wages (w) and log rents (r) for selected cities in the United States. Suppose that every agent has indirect utility function: V(wi,,ii,Mi)=wiri+Mi where Mi is amenities in city i. Suppose we know that amenities in Akron, Ohio are equal to 0.10. a. What must be true about indirect utility across all cities in spatial equilibrium? (2 points) b. Fill in the last two columns of the table below, where M is amenities in each city and V is indirect utility. Assume we in a spatial equilibrium. (9 Points) 2. Backing Out Amenities The table below gives log wages (w) and log rents (r) for selected cities in the United States. Suppose that every agent has indirect utility function: V(wi,,ii,Mi)=wiri+Mi where Mi is amenities in city i. Suppose we know that amenities in Akron, Ohio are equal to 0.10. a. What must be true about indirect utility across all cities in spatial equilibrium? (2 points) b. Fill in the last two columns of the table below, where M is amenities in each city and V is indirect utility. Assume we in a spatial equilibrium. (9 Points)