Draw the indifference curve for this utility function

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Reference no: EM13691167

The following utility function is equal to the maximum of the amount of good x or four time the amount of good y:

U(x,y) = max{x,4y}

(a) Draw the indifference curve for this utility function.

(b) Find the Marshallian demand and indirect utility function.

Reference no: EM13691167

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