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Consumer is choosing between oat and soy milk. Oat milk is slightly more preferred, giving them 10 units of utility per pack, while soy milk

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Consumer is choosing between oat and soy milk. Oat milk is slightly more preferred, giving them 10 units of utility per pack, while soy milk yields 5 units of utility per pack. Income dedicated to milk is $50. and price of soy milk pack is $2, while price of oat milk pack is $10 0 What kind of goods are described here 0 Write down utility function and budget constraint 0 Find optimal consumption bundle 0 Find utility level at the optimum 0 Graph BC and IC in the optimum o Are this preferences convex? Monotonic

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