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1. Justin has become a huge Vancouver Canucks fan and has a $100 budget for two goods, Caps and Flags. He has spent his allocated

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1. Justin has become a huge Vancouver Canucks fan and has a $100 budget for two goods, Caps and Flags. He has spent his allocated budget such that the marginal utility of Caps (MUC=8) to Flags (MUF=4) is different from the relative price of Caps (PC=$25) to Flags (PF=$20). 3) \"Given that he has spent his entire budget he is maximizing his utility\". TRUE or FALSE. Explain? b) Explain, if necessary, how he should rearrange his purchases to maximize utility

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