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If Vasily always reads 2 news articles (a) while he is having breakfast (b) (sees as...

  1. If Vasily always reads 2 news articles (a) while he is having breakfast (b) (sees as complements), pa - price of an article, pb - price of the breakfast, I -income, then his indirect utility function will be given by:

    (a) V(pa,pb,I)= I/(2pa+pb)   (b) V(pa,pb,I)= 2I/(2pa+pb) (c) V(pa,pb,I) = I/(pa+2pb) (d)V(pa,pb,I) = 2I/(pa+2pb)

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