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7. (10 points) Jen has the utility function 150:, y) = J; + y. (a) (2 points) Draw an indifference curve for utility u =
7. (10 points) Jen has the utility function 150:, y) = J; + y. (a) (2 points) Draw an indifference curve for utility u = 16. (b) (2 points) Use the indifference curve to argue that the preferences are stroneg monotonic or that they are not. (c) (2 points) Use the indifference curve to argue that the preferences are stroneg convex or that they are not. (d) (4 points) Find the utility maximizing bundle as a function of prices and income for all positive prices and income
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