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12. Reggie consumes 15 cups of coffee per week at a price of $2.50. When the price increase to $3, Reggie only consumes 10 cups

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12. Reggie consumes 15 cups of coffee per week at a price of $2.50. When the price increase to $3, Reggie only consumes 10 cups of coffee per week. If the substitution effect is 2, what is the income effect of the price increase?19. Given the budget constraint Y = 2q1 + 8q2. What is the marginal rate of transformation (MRT)? Use the equation MRT = dq1 dqz4. Pierce's utility function for burgers, B, and fries, F, is U = min(B,F). Is Pierce better off consuming bundle A with 2 burgers and 2 fries? Or bundle B which has 3 burgers and 2 fries

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