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Let u(x, x) = min{2x, 4x2} be the utility function. Sketch 3 indifference curves for U = 4, U = 12, and U3 =

Let u(x, x) = min{2x, 4x2} be the utility function. Sketch 3 indifference curves for U = 4, U = 12, and U3 = 16. Do not forget to add arrows. Show derivations and clearly label 2 your graph. What is the MRS (U2) at (6, 3), (6, 10), and (12, 3)?

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