Problem
Esteban likes both chocolate ice cream and lemon sorbet. His preferences correspond to the utility function U(C, S) C1/3S2/3, where C stands for ounces of chocolate ice cream and S stands for ounces of lemon sorbet. Write a formula for Esteban's family of indifference curves. Plot some of those curves on a graph. Would Esteban rather have four ounces of chocolate ice cream and two ounces of lemon sorbet or two ounces of chocolate ice cream and four ounces of lemon sorbet?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.