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Please if you answer question 3 and 4 1.) Person A is fine with a 24 ounce soda or three 8 ounce sodas, in other

Please if you answer question 3 and 4

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1.) Person A is fine with a 24 ounce soda or three 8 ounce sodas, in other words, her preferences are 3-to-1 perfect substitutes. Let ry denote the amount of 24 ounce sodas and r' denote the amount of 8 ounce sodas. What is her utility function? (a) uA = 314 + 17 (b) WA = r+ 31% 2.) Regardless of your answer to question 1, let uA = 14 + 312. (I am not claiming this is the correct answer to Q1!) What is her demand function for good 2? Remember demand is a function r(p, m) where p are prices and m is income. 3.) Let us introduce a second person, who has standard Cobb-Douglas utility us = (r) . (1). Their endowments are WA = (6,3) and wg = (3,6). You may assume p2 = 3p1. Find the amount person A consumes of good 1 in competitive equilibrium

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