Latanya likes to talk on the telephone we can represent her


Latanya likes to talk on the telephone. We can represent her preferences with the utility function U(B, J) = 18B + 20J, where B and J are minutes of conversation per month with Bill and Jackie, respectively. If Latanya plans to use the phone for one hour to talk with only one person, with whom would she rather speak? Why? Draw the indifference curves showing Latanya’s preferences at utility levels 180, 360, and 540.[PUT “B”on Y-axis]

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Business Economics: Latanya likes to talk on the telephone we can represent her
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