Suppose that Dean!ˉs preference over monthly conumption of wine and gelato are as follows.
He considers both wine and gelato as goods and has usual preferences as long as he does not
have too much of them. However, he considers having any more than 20 bottles of wine in a
month excessive and bad for his health. Similarly, he considers having any more than 45
gelati in a month bad for his health. Based on this information, answer the following
questions:
a) Draw a sample indifference curve map for Dean showing 2 indifference curves. Label
them and rank them in terms of utility levels. Explain the shape of one of the
indifference curves and your ranking.