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My Name Is: Homework 2 Print this page out and use the space below and the back to write out and clearly indicate your answers.

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My Name Is: Homework 2 Print this page out and use the space below and the back to write out and clearly indicate your answers. Do not use this sheet as scrap paper, but use it to neatly present your work. Eliza has preferences over amounts of commodities l and 2 represented by the utility anction u(x1, x2) = xii/2 + x2, where x.l denotes how much of good 1 she has and x2 denotes how much of good 2 she has. 1' Roughly sketch Eliza's indifference curves in a graph through the points (x1, x2) = (4,4), (9,4', and (4,9'. (Your sketch doesn't have to be exactly to scale.' (2pts' Good 2 Figure 1 Good 1 2' Write an expression for Eliza's marginal utility for commodity 1. (lpt' 3' Is commodity l a good to Eliza? Explain your answer. (2pts

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