A student propose a utility function as follows: *See the image attached for the function* A) Graphically
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Question:
A student propose a utility function as follows: *See the image attached for the function*
A) Graphically show that this proposed utility function violates "average is better than extreme"
B) Graphically show that for this utility function, the tangency condition does not lead to the optimum given prices (p1 , p2) = (2 , 1) and m = 3
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66779f7ca73fd_64466779f7c8a8fe.jpg)
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