(Step-by-Step) Suppose m=10, p_1=1, p_2=1 and preferences are given by U(x_1, x_2)= [5-|5-x_1|-|5-x_2|]^2 Which the bundles are in the budget set but not on
Question: Suppose \(m=10, p_{1}=1, p_{2}=1\) and preferences are given by \(U\left(x_{1}, x_{2}\right)=\) \(\left[5-\left|5-x_{1}\right|-\left|5-x_{2}\right|\right]^{2}\)
- Which the bundles are in the budget set but not on the budget line? can any of these bundles solve the consumer's choice problem? explain.
- Find the optimal bundle \(\left(x_{1}^{*}, x_{2}^{*}\right)\)
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