(a) Ram has a budget of Rs. 120 for breakfast. Price of each unit of mufn is Rs. 20 and price of each unit of donut is Rs. 15. His baker packs the following for his breakfast: 3 units of mufns and 4 units of donuts Ram's marginal utility for these foods is given here: Units MU of muffm MU of donut 1"t 100 105 Question: Has his baker made the right choice for Ram? Support your answer with calculations. (b) State anyone of the ten economic principles for managers. Also, state a corresponding challenge faced by managers in real world when they want to implement the principle well. (c) Assume that \"Chai Point\" sells a cup of tea for Rs. 9. On an average of 48 people visit and order a cup of tea at a price of Rs.9. When \"Chai Point" raises the price to Rs. 12 per a cup of tea, only 42 people visit and order a cup of tea (hint: solve (i) using simultaneous equation) Questions: (i) Assume that demand curve is linear- find the equation for demand curve. (ii) Ifthe rent paidx'week which is Rs. 200 is the xed cost & variable cost per unit is Rs. 3.00, is this a protable business? (iii) How much will be the profit or loss per week with initial and later price