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Bi Bob consumes two commodities: as and y (say, chocolate and classical music), More 3) never hurts, but in order to appreciate y he has
Bi Bob consumes two commodities: as and y (say, chocolate and classical music), More 3) never hurts, but in order to appreciate y he has to consume at least 4 units of it; put differently, he starts to enjoy y after the fourth unit. (In order to appreciate y he must rst develop a taste for it.) Regardless of the amount of 3; he consumes, Bob thinks that more :1: is always strictly better than less. Moreover, he (strictly) prefers the bundle (30,31) over (.17',y'), where both y and y' are at least 4, ifand only ifa: X y > it" X y'. 1, Draw Bob's indifference curve(s) through the bundles: (2,6), and (6,2). (011 each indifference curve indicate at least two bundles, one where the amount of y is less than 4 and one when this amount exceeds 4.) 2. Is Bob's preference convex? Is it strongly monotonic
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