Originally asked an utility maximisation problem. Confused with both c and d.
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Originally asked an utility maximisation problem. Confused with both c and d. values for x1 and x2 shown in photo

Screen Shot 2019-09-26 at 5.39.59 pm.png

Screen Shot 2019-10-01 at 4.04.15 pm.png

c) What type ofgood is Good 1? a. An Inferior Good
b. A Normal Good
(2. A Borderline inferior/ normal good (Could be both) Explain your answer. How about Good 2? Is it a normal or an inferior good or Neither? Again
explain your answer. (1 mark) d) From your answer in part (b), determine whether good 1 and good 2 are substitutes or
complements. Show this mathematically and explain your answer. (1 mark)

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