Suppose Svetlana consumes only two goods, x1 and x2. Assume that Svetlana has a utility function U(x1, X2) = max {x1,x2} . Suppose that both
Suppose Svetlana consumes only two goods, x1 and x2. Assume that Svetlana has a utility function U(x1, X2) = max {x1,x2} . Suppose that both Svetlana's income, m and the prices of the two goods are positive. Let pi denote the price of good 1 and p2 the price of good 2. Define and find the pi-price offer curve and explain, in words, how it will look on a graph
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