Find an utility function that represents these preferences

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Reference no: EM131238289

For every co?ee (C) that Chandler drinks, he needs 2 cups of sugar (S). He won’t drink a co?ee if he has less than 2 cups of sugar and he won’t care about having more sugar if he doesn’t have more co?ee.

(a) Find an utility function that represents these preferences.

(b) Graph two indi?erence curves (Co?ee in the x-axis and Sugar in the y axis).

(c) Assume that S = 8. Graph U(C,8) as a function of C (C in the x-axis and U(.) in the y-axis).

Reference no: EM131238289

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