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3. Wassily Wassilyevich has preferences over fly-fishing, ballet and fine wine that can be represented by the following utility function: u(f, b, w) = min

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3. Wassily Wassilyevich has preferences over fly-fishing, ballet and fine wine that can be represented by the following utility function: u(f, b, w) = min {f, b} + w. His income is given by I and he faces prices py pb, and pw for these goods. a. Find Wassily's demand function for the three goods. b. Derive the his indirect utility function

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