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Sumathi consumes coffee (x) and sugar (y). Her utility function is u = min(x, y). Sumathi is living in Thanjavur where prices are Rs 4
Sumathi consumes coffee (x) and sugar (y). Her utility function is u = min(x, y).
Sumathi is living in Thanjavur where prices are Rs 4 and Rs 4, respectively, while her
weekly income is Rs 24. Her boss wants to send her to Chennai, where the prices are
Rs 9 and Rs 4, respectively. Sumathi complains bitterly. According to her, having to
move is as bad as cut in salary of Rs A. She also says she wouldn't mind moving if her
boss raises the salary by Rs B. What are A and B equal to?
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