Harold consumes chardonnay and quiche

Harold consumes chardonnay and quiche

Question # 00489088 Posted By: dr.tony Updated on: 02/23/2017 12:50 AM Due on: 02/23/2017
Subject Economics Topic General Economics Tutorials:
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Harold consumes chardonnay and quiche. His utility function is U(c,q)=min{c,q2}. Draw a diagram showing three or four of Harold’s indifference curves. If the price of chardonnay is$10 and the price of quiche is $3 and if Harold is consuming 4 units of quiche, how many units of chardonnay is he consuming?

Can u draw the graph, I have no vision about how will the graph be. Thank you

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  1. dr.tony
    Tutorial # 00485524 Posted By: dr.tony Posted on: 02/23/2017 12:50 AM
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