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7. rtereiai contemes both bagels ass boy cars. (a) The table above shome Theresa's martimal uetiry from batele and toy can. (a) What is hes

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7. rtereiai contemes both bagels ass boy cars. (a) The table above shome Theresa's martimal uetiry from batele and toy can. (a) What is hes total atility from purchaing three toy can? (ia) Theresa's weclly income is 511, the fuice of a bagel is 52, and the price of a toy car in 51. What quantity of bagell and toy car will mavimise Therew's utality if ahe spedsi ber entire weckly income on bagels and toy cars? Explain your answer using marginal analysis: (b) Assume that ibe price of wheat, an input for the prodsction of bagelbi intreniei. Will Thercea's demand for bapels increase, decreate, or net change' Explein (c) Suppose that Theresa's income clasticity for hagels is - a 2. Docs the value of Thereais incume elaasicity indicate that bagels ire noemal goods, inferior poods, sobtritutes, of complementi? (d) Suppore diat when the pace of soy cars inerdases by 10 pereen, Thereia butys 5 percent feser toy cars and 4 percent les of a different toy, bocke. Calculate the crnss price elasticaty for toy cant and blockich and indicate if it is positive or necative

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