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  3. Introduction to Optimization in Python
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Exercise

Visualize the indifference curve

You have been provided the following utility function and constraint.

\(U(c, m)=c^{0.7}m^{0.3}\)

\(c+m=2\)

Use this to visualize the indifference curve.

np and plt have been loaded for you.

Instructions

100 XP
  • Define the constraint as m and generate the combinations of c and m.
  • Define the utility function and assign it to F.
  • Plot the contours and constraint.