In Cambridge, there are individuals from three different citizenships: Ethiopians, Brazilians, and Americans. Coffee is only sourced
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Question:
In Cambridge, there are individuals from three different citizenships: Ethiopians, Brazilians, and Americans. Coffee is only sourced from Brazil and Ethiopia. Brazilians and Ethiopians only like to drink coffee from their own country, while for Americans a cup of coffee is the same regardless from its origin (Brazil or Ethiopia). All of them have the same level of income denoted byI
and
is some coefficient greater than0
.
What is a utility function for Americans?
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