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Judy likes brussels sprouts (c131) and ketchup (332) . Her utility function is given by U (:01, 332) = logccl + 2logx2 1. Find Judy's

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Judy likes brussels sprouts (c131) and ketchup (332) . Her utility function is given by U (:01, 332) = logccl + 2logx2 1. Find Judy's MRS, for an arbitrary bundle (m1, 332) . 2. Plot Judy's indifference curve that passes through the bundle (4, 4). Find the MRS for this bundle, and depict it on the graph. 3. Is bundle (8, 1) on the same indifference curve passing through bundle (4, 4) ? Which good is "locally more valued" at (8,1): brussels sprouts or ketchup? (Hint: good cc is locally more valued than good y at consumption levels ($1,341) if at these levels of consumption the consumer is Willing to give up more than one unit of good 3; in order to receive one more unit of good cc.)

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