Question 22: Kathy gets utility from three things: the number of flowers in her local park (F), reading books in this park (R), and eating sushi (S). Four utility functions that might describe Kathy's preferences are shown below. In each case, discuss whether reading in the park (R) is non-essential and whether reading (R) and the number of flowers in the park (F) are weak complements. [medium] (a) U (F, R, S) = 2FR+S (b) U (F, R, S) = √√2FR+S (c) U (F, R, S) =(√2FR)S (d) U(F, R, S) = √2F + RS
Question 22: Kathy gets utility from three things: the number of flowers in her local park (F), reading books in this park (R), and eating sushi (S). Four utility functions that might describe Kathy's preferences are shown below. In each case, discuss whether reading in the park (R) is non-essential and whether reading (R) and the number of flowers in the park (F) are weak complements. [medium] (a) U (F, R, S) = 2FR+S (b) U (F, R, S) = √√2FR+S (c) U (F, R, S) =(√2FR)S (d) U(F, R, S) = √2F + RS
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 23SQ
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![Question 22: Kathy gets utility from three things: the number of flowers in her local park (F),
reading books in this park (R), and eating sushi (S). Four utility functions that might describe
Kathy's preferences are shown below. In each case, discuss whether reading in the park (R)
is non-essential and whether reading (R) and the number of flowers in the park (F) are weak
complements. [medium]
(a) U(F, R, S) = 2FR+S
(b) U(F, R, S) = /2FR+S
(c) U(F, R, S) = (V2FR)S
(d) U(F, R, S) = v2F + RS](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc84b2aa0-6217-4310-89ee-bd2b3792e4e6%2F3bf7a498-641d-45b2-89da-07425e8e1a02%2Ftw9i0qt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 22: Kathy gets utility from three things: the number of flowers in her local park (F),
reading books in this park (R), and eating sushi (S). Four utility functions that might describe
Kathy's preferences are shown below. In each case, discuss whether reading in the park (R)
is non-essential and whether reading (R) and the number of flowers in the park (F) are weak
complements. [medium]
(a) U(F, R, S) = 2FR+S
(b) U(F, R, S) = /2FR+S
(c) U(F, R, S) = (V2FR)S
(d) U(F, R, S) = v2F + RS
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