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Vanna likes to have large parties. She also has a strong preference for hav ing exactly as many men as women at her parties. In
Vanna likes to have large parties. She also has a strong preference for hav ing exactly as many men as women at her parties. In fact, Vanna's prefer- ences among parties can be represented by the utility function U (ac, y) = min{2xy, 23139} where x is the number of women and y is the number of men at the party. On the graph below, let us try to draw the indierence curve along which Vanna's utility is 10. a. Draw the locus of points at which a: = 3;. What point on this gives Vanna a utility of 10? (a) Suppose that there are 9 men and 10 women at Vanna's party. Would Vanna think it was a better party or a worse party if 5 more men came to her party? (b) If Vanna has 16 women at her party and more men than women, and if she thinks the party is exactly as good as having 10 men and 10 women, how many men does she have at the party? (0) If Vanna has 16 women at her party and more women than men, and if she thinks the party is exactly as good as having 10 men and 10 women, how many men does she have at her party
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