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Assume you are managing the company producing two different goods, for certainty, x and y. Market research conducted by the company has allowed to segment

Assume you are managing the company producing two different goods, for certainty, x and y. Market research conducted by the company has allowed to segment the customer population into 5 different groups. Each group is identified by specific preference over the bundles of goods consisting of x and y. Preference of representative consumer from customer segment i (i=1,2,3,4,5) is described by respective utility function Ui(x,y), x 0, y 0. The utility functions Ui(x,y), (i=1,2,3,4,5) look as follows:

image text in transcribedimage text in transcribed
\fParameter or variable price of 1: Market Total price of y demand for x by representative consumer demand for y by representative consumer income M size of group group demand for x group demand for v

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