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Mr. Particular claims to prefer baskets where for every,' 2 units of it, he needs exactly 5 units of v. strut.r excess amount of a
Mr. Particular claims to prefer baskets where for every,' 2 units of it, he needs exactly 5 units of v. strut.r excess amount of a single good outside this ratio, does not improve his utility. His income is M, the price ofx is Pat and the price ofy is $10 a unit. {a} What is the mathematical ratio, between a: and v, that this consumer should but: baskets, given his preferences? (h.lFind an explicit functional form for this consumer's utility function. (c) What is the consumer's optimal basket of goods it and y
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