Question
3. Stately, plump Buck Mulligan loves Irish literature and baseball. A book of Irish poetry costs $40, and a baseball ticket costs $30. Assume that
3. Stately, plump Buck Mulligan loves Irish literature and baseball. A book of Irish poetry costs $40, and a baseball ticket costs $30. Assume that Buck has $2400 to spend. a. Show Buck Mulligans optimal mix of poetry and baseball. (There is no one correct answer.) b. Suppose Buck has the chance to buy a season ticket (for simplicity, assume this is 80 games) for $1200. i. Show how the season ticket affects Buck Mulligans budget constraint. ii. Should Buck Mulligan buy the season ticket? Justify your answer. (Again, there is no one correct answer.)
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