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3) Suppose the consumer is indifferent between the packaging they buy cereal in, and only care about the amount of cereal they purchase (perfect substitutes).
3) Suppose the consumer is indifferent between the packaging they buy cereal in, and only care about the amount of cereal they purchase (perfect substitutes). X represents 48 oz. packages of cereal and Y represents 16 oz. packages of cereal. = a) What is an example of a utility function for the consumer? b) Graphically depict the consumer's optimal consumption bundle (include both the indifference curve and budget constraint) if Px = 10, Py = 4, and I = 60.4
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