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Question 3 Raj consumes wine and face masks. His utility function is U(w,m) = min {w2,m} 3'1 Carefully draw a diagram showing three of Raj's
Question 3 Raj consumes wine and face masks. His utility function is U(w,m) = min {w2,m} 3'1 Carefully draw a diagram showing three of Raj's indifference curves corresponding to utility levels U=1, U=4, and U=9. Your diagram should have wine on the horizontal axis and face masks on the vertical axis. 3-2 If the price of masks is $10 and the price of wine is $3 per liter and if Raj is consuming 4 liters of wine, how many masks is he consuming
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