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5) (1.5 pt. ) John consumes two goods :1: and y. The price of y is 1 but the price of 3: depends on the
5) (1.5 pt. ) John consumes two goods :1: and y. The price of y is 1 but the price of 3: depends on the quantity of :5 purchased. In particular pm a) Write out the new budget constraint assuming income is M = 100. b) John says \"I am indifferent between consuming only :1: and only y, but I prefer either bundle to consuming an affordable bundle with positive amounts of both goods.\" Assume John's preferences satisfy completeness, transitivity, nonsatiation, and decreasing marginal rates of substitution. How is this possible
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