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Consider the following utility functions over goods X and Y for two individuals: Daves utility function...

Consider the following utility functions over goods X and Y for two individuals:

Daves utility function : Ud(x,y) = 6min(x,y)

Jess's Utility function is Uj (x,y) = 6x + 3Y

Draw Daves indifference curve map for two specific utility levels: U= 6 and U = 12

Draw Jess indifference curve map for two seperate utility levels: U=6 and U=12

Explain the preferences between the two

What is the MRS for Dave? and for Jess?

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