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3. Alice has utility from hours of TV and hours of movies given by U (75, m) = 5t + 4m. (a) Draw three indifference

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3. Alice has utility from hours of TV and hours of movies given by U (75, m) = 5t + 4m. (a) Draw three indifference curves for Alice, and label the levels of utility that they correspond to. (b) What is Alice's marginal rate of substitution M RS'tm? (c) If Alice's income is $50, and the price of movies is $2 per hour and the price of TV is $1 per hour, how much of each will she consume? ((1) What if the price of movies is $1 per hour and TV is $2 per hour

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