Suppose Heather has preferences over pizza (good 1) and beer (good 2) represente

Question

Suppose Heather has preferences over pizza (good 1) and beer (good 2) represented by the utility function u = x1 x2. Suppose her husband, Rob, also has preferences which can be represented by a Cobb-Douglas utility function. Give an example of a potential utility function for Rob in each of the following circumstances: a. For any given bundle (x1, x2), Rob requires being given more pizza than Heather when we take away a small amount of beer in order to remain just indifferent b. For any given bundle (x1, x2), Rob requires being given more beer than Heather when we take away a small amount of pizza in order to remain just indifferent

Explanation / Answer

you might want to resubmit this with fewer points offered as 1500pt questions can only be answered by premium answerers (there aren't as many of them)

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