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4. Alex doesn't care about where he lives, but he does care about where he eats. Alex spends all his money on restaurant meals at

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4. Alex doesn't care about where he lives, but he does care about where he eats. Alex spends all his money on restaurant meals at either American or French restaurants. Use the diagram provided to answer the following questions. a. b. Show Alex's maximum utility bundle in the United States. Now, Alex's firm offers to transfer him from its Miami office to its Paris office, where he will face different prices. Nevertheless, the firm will pay him a salary in French francs such that he can buy the same bundle of goods in Paris that he is currently buying in Miami. Show Alex's maximizing bundle if prices are higher in France (Francs), but the relative prices between American and French meals are the same. Now assume the same thing as part (b), except that the relative price of French meals in France is lower than those in the United States. Again, show the new maximizing bundle under these new assumptions. Essay question: Under what situation is Alex happier: a, b, or c? Please write one or two sentences explaining why

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