William eats hot dogs only with mustard and consumes mustard only with hot dogs. He puts one unit (package) of mustard on each hot dog he eats. Show his preference map. What is his utility function?Part 2Let "H" indicate the quantity of hot dogs and "M" the packs of mustard.Part 3William's utility function could be characterized asPart 4

A.

U=MH.

B.

U=MH.

C.

U=M+H.

D.

U=min{M,

H}.

Your answer is correct.

E.

U=max{M,

H}.

Part 5Using the multipoint curve drawing

tool,

graph an indifference curve for William corresponding to one unit of utility from

U=min{M,

H}. Label this curve "I."Part 6Carefully follow the instructions above, and only draw the required object.