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This question refers to the utility function and indifference curve equations below the Parameter table. Use the equation for the indifference curve for a given
This question refers to the utility function and indifference curve equations below the Parameter table. Use the equation for the indifference curve for a given level of utility to calculate a set of plot points. Each set of plot points is for one indifference curve (IC1 and IC2). Based on the given levels of utility indicated, calculate a set of points (in the Table of plot points, for the range given) for:
(i) U1 (using the equation for IC1) and,
(ii) U2 (using the equation for IC2).
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