Can anyone help with Writing Utility Min (fixed Proportion) Function)?

Muhammad Naveed Tahir @Muhammad-Tahir-22

29 December 2015 1 9K Report

Referring to the book Microeconomic Theory: Basic Principles and Extensions by Nicholson and Snyder reads A person prefers 1 ounce of cream and 8 ounce of coffee, if Y is cream and X is coffee then why 8 is with Y in function? as below

utility=U(x,y)= min⁡(x,8y)

What is economic (or mathematical) logic? you can also recommend a book that deals with this confusion. Thanks

Suresh K Malhotra

Good information which are new for me

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