Academic help online

4.2 Draw the indifference curves for the following four types of preferences:

Type A

a log xl + [1 – a] log x2
Type B

(3xl + x2
Type C Type D

r [xl]2 + [x2]2
min {oxl, x2} .
where xl, x2 denote respectively consumption of goods 1 and 2 and a, (3, r, o are strictly positive parameters with a 1. What is the consumer's cost
function in each case?

All Rights Reserved,
Disclaimer: You will use the product (paper) for legal purposes only and you are not authorized to plagiarize. In addition, neither our website nor any of its affiliates and/or partners shall be liable for any unethical, inappropriate, illegal, or otherwise wrongful use of the Products and/or other written material received from the Website. This includes plagiarism, lawsuits, poor grading, expulsion, academic probation, loss of scholarships / awards / grants/ prizes / titles / positions, failure, suspension, or any other disciplinary or legal actions. Purchasers of Products from the Website are solely responsible for any and all disciplinary actions arising from the improper, unethical, and/or illegal use of such Products.