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1) Dalbert buys meal deals from Coop (C) and other goods (Y) and his utility function is U = CY. Suppose his weekly income is
1) Dalbert buys meal deals from Coop (C) and other goods (Y) and his utility function is U = CY. Suppose his weekly income is f240, price of C is f6 and price of other goods is f1. a) [10pts) What is Dalbert's optimal consumption bundle? b) |10pts) Because of health concerns the government decides to limit the number of meal deals Dalbert can eat per week to 10 and gives Dalbert a voucher worth 250 that can only be used for other foods. What is this optimal bundle under this program? Is he better or worse off
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