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Traditionally your company has given 2 bottles of Whiskey and 5 Cigars to each worker, but you know that not everyone was happy with that gift. You are authorized to spend no more than $200 per each worker and the price of whiskey is $50 and the price of one cigar is $20.
The workers on the first floor neither smoke nor drink and they used whiskey and cigars to re-gift to their friends and family. Since they don%u2019t consume neither of the gifts themselves, they consider cigars and whiskey to be perfect substitutes and their utility function is represented by the following equation:
U(c,w)=c+4w
The workers on the second floor smoke cigars and drink whiskey and they like to do both at the same time. Their utility function is represented by the following equation:
U(c,w)= \(c^3/^4w^1/^4\)
Hint: MRS = 3W/C
Finally, workers at the top floor of the building also enjoy Whiskey and Cigars but for each bottle of Whiskey they like to smoke exactly 5 cigars. Their utility function is represented by the following equation:
U(c,w)= min(c,5w)
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