Miguel considers tickets to the Houston Grand Opera and to Houston Astros baseball games to be perfect substitutes. Show his preference map.
Part 2
Assume for simplicity that an opera ticket and a ticket to a baseball game each generate one unit of utility for Miguel.
Part 3
Using the line drawing tool, draw an indifference curve for Miguel. Label the curve 'I.'
Part 4
Carefully follow the instructions above, and only draw the required object.
Part 5
What is his utility function?
Part 6
Let "O" represent opera tickets and "B" tickets to baseball games.
Part 7
As a function of O and B, Miguel's utility function is