Assume that Steve's utility function is: U(S,L) = 3S + 4P Where S is Surfing and L is going to play Laser tag with his mates. He faces prices (in $) for Surfing as: PS = 1 and for Laser tag visits: PL = 2.5 Question: Find Steve's optimal consumption bundle of the two goods. Please answer the following questions: What is Steve's marginal rate of substitution? [2 pts] What is the ratio of prices which Steve faces? [2 pts] Steve will consume only one of the two goods. Which one will he consume? [1 pt] How many units of this good will Steve consume? [3 pts] [Note: To answer this question, you can compare the marginal rate of substitution with the price ratio]