Describe the shape of these indierence curves

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Linus has the utility function U(x; y) = x + 3y. Draw the indierence curve that goes through point (3,3), and the indierence representing combinations that gives Linus a utility of 6. a) Describe the shape of these indierence curves.

b) If the price of x is 1 and the price of y is 2 and his income is 8, what bundle does Linus optimally choose?

c) If the price of x is 1 and the price of y is 4 and his income is 8, what bundle does Linus optimally choose?

Reference no: EM13896072

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