Wanda Lott's Utility Function Is U(x, Y)= Max{x, Y}

question 26

Essay

Wanda Lott's utility function is U(x, y)= max{x, y}.Draw some of Wanda's indifference curves.If the price of x is 1, the price of y is p, and her income is m, how much of y does Wanda demand?

---

Definitions:

Traditional Gender Roles

The expected behaviors, attitudes, and activities prescribed by society for men and women based on their biological sex.

Overwhelmed

Experiencing a strong emotional effect to the extent of being unable to function normally due to an excessive amount of something.

Predictability

The extent to which future events or behaviors can be anticipated based on current knowledge or past events.

Stability

The quality of being stable; having consistency or permanence, and resistance to change or deterioration over time.