Utility functions Indiff. Curves Consider the bundles (4, 1),(2, 3 ) and (22) Suppose(2,3)x(4,1)~(22) Assign to these bundles any numbers that preserve the preference ordering; eg.U(2,3)=6>U(4,1)=U(2,2)=4. Call these numbers utility levelsUtility Functions & Indiff. Curves Consider the bundles (4,1), (2,3) and (2,2). Suppose (2,3) (4,1) ~ (2,2). Assign to these bundles any numbers that preserve the preference ordering; e.g. U(2,3) = 6 > U(4,1) = U(2,2) = 4. Call these numbers utility levels. p