Suppose that indifference curves are described by straight lines with a slope of −b. Given arbitrary prices and money income p1, p2, and m, what will the consumer’s optimal choices look like?

Which point gives a customer a highest pleasure based on the below indifference map? E A B D

In comparing one market basket, A, to others to the northwest or southeast, we can say that a typical consumer will   THE NORTHWEST AND SOUTHEAST ARE REFERRING TO THE POINTS ON A BUDGET CONSTRAINT AND INDIFFERENCE CURVE   prefer A to any other market basket.   prefer any other market basket to A.   be indifferent between A and any other market basket in the Northwest or Southeast.   be indifferent between some other market baskets in the Northwest or Southeast          Only typed answer and don't use chat gpt

A consumer has the following utility function: U(x, y) = y + x1/2. Let px and py bt the corresponding prices and m her income.  a). Write down the corresponding Lagrangian function and find the first order conditions (FOCs). b). Use these FOCs to find the expression for the marginal rate of substitution (MRS). Bearing in mind that the MRS is the slope of the indifference curve, what can you tell about the indifference curves of a quasilinear utility function?