State and explain why the following are true or false.?

a. Suppose consumers鈥?preference can be represented by the utility function


U(c,s) = 10000 ln c + s,


where c = consumption and s = savings. If someone saves at least $1,000, then that


person鈥檚 income is at least $11,000.


b. The income elasticities of demand for each commodity cannot all be less than one.State and explain why the following are true or false.?
its too early in the morning for my brain to handle this...sozz lolState and explain why the following are true or false.?
It's false: (10000 is not 11000) then._ 1.- consumers preference is not the total income, it's the comsuption.


2.- so it might be


total income =


total comsuption + savings.;


Savings=income - comsuption


Comsuption=income-savings


So if the income is 10000, and the expenses are 1000, the savings are 9000. Simpleness.
e=mc's
dude i just got a headache for the rest of my life...