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HI pts each) 3. Consider the following four consumers (C1, C2. (3, C4) with the following utility functions (4 Consumer Utility Function C1 u (X,

HI

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pts each) 3. Consider the following four consumers (C1, C2. (3, C4) with the following utility functions (4 Consumer Utility Function C1 u (X, y ) = 4X + 3y C2 u ( X, y ) = Xay3 C 3 u(X, y ) = min(4X, 4y) CA u (x, y ) = min(X, 2y) On the appropriate graph below, draw each consumer's indifferentcurves through the following points: (2,2), (4,4), (6,6) and (8,8). C1 10 C2 10 5 5 0 0 0 5 10 0 C3 10 10 C4 10 5 5 0 0 0 5 10 0 5 10

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