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Indifference Curve In each of the following examples, the consumer consumes only two goods, m and y. Based on the information given in each statement,

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Indifference Curve

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In each of the following examples, the consumer consumes only two goods, m and y. Based on the information given in each statement, sketch a plausible set of indifference curves (draw at least two curves on a set of labeled axes and indicate the direction of higher utility). Then, write down a possible form of the utility function u(:L', y) that is consistent with your graph. 1. (5 points) Lilian enjoys skiing in the winter, but can only ski if she is wearing both her ski boots (1:) and skies shoes (y) 2. (5 points) Emma likes pizza (x) but hates vegetables (y). She is only willing to eat an extra unit of vegetables if she gets to eat two extra units of pizza. 3. (5 points) Luke enjoys spending time on tik tok (m) and Instagram (y), but he is indifferent among the two social networks. 4. (5 points) Paul loves fried sh (x) but doesn't really cares about eating chips (y) He enjoys a sh and chips with as little as no chips or as many as they can come

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