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8. What would Avery's total utility be from purchasing 3 toy horses and 2 pickles? 9. If Avery has a budget of $25, how many

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8. What would Avery's total utility be from purchasing 3 toy horses and 2 pickles? 9. If Avery has a budget of $25, how many toy horses and how many pickles should she purchase to maximize her total utility? 10. Assume Avery's budget decreased to only $14, how many toy horses and how many pickles should she purchase to maximize her total utility? 11. Assume Avery now has a budget of $11 but the price of pickles fell to $2. What combination of toy horses and pickles would maximize Avery's total utility? 12. If the price of toy horses falls from $3 to $2, will Avery's demand curve for toy horses increase, decrease, or stay the same? Explain

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To address the questions effectively we need certain information that may have been omitted primarily 1 The utility derived from each unit of toy horses and pickles 2 The cost of one toy horse and one ... blur-text-image

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