(Step-by-Step) Consider preferences described by U(x_1, x_2)=min 4 x_1, x_2. Depict a typical indifference curve. Suppose the income and prices are: m=10,

Question: Consider preferences described by $U\left(x_{1}, x_{2}\right)=\min \left\{4 x_{1}, x_{2}\right\}$.

Depict a typical indifference curve.
Suppose the income and prices are: $m=10$, and $p_{1}=p_{2}=1$. Can the bundle $x_{1}=5, x_{2}=5$ solve the consumer's choice problem given the preferences above? Explain (without solving the problem).
Find the solution to the consumer's choice problem (for general income and prices).

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(Step-by-Step) Consider preferences described by U(x_1, x_2)=min 4 x_1, x_2. Depict a typical indifference curve. Suppose the income and prices are: m=10,

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