Aug 29 at 12:01am - Sep 24 at 11pm Use the table below to help you with the first two questions. The right hand 5 columns give Mara's utility for each combination of books and coffee Books and Coffee Cobinations with TU of Various Combinations 4 50 75 81 83 84 3 46 70 76 72 79 Quantity 2 40 60 68 68 69 of Books P-$10 1 30 40 46 48 49 10 0 10 16 18 19 0 1 2 3 4 Quantity P-$3 Coffee 1. Determine how much of each good Mara will consume if she has $20 and if the price of books is $10 and the price of coffee is $3. (She doesn't have to exhaust her budget. but she would like as much utility as possible. 2. Suppose the price of coffee goes up to $5. I low much coffee will Mara consume now! Why does the amount change? (She doesn't have to exhaust her budget, but she would like as much utility as possible.) 3. Damell's $30 budget is spent entirely on muffins, which cost $3 each, or orange juice. His budget constraint shows endpoints at 10 muffins or 20 cartons of orange juice. How much dues orange juice cost? (Sketch out the budget constraint to help you with this one but I'm only looking for a verbal answer 4. If the price of orange juice changes to $2 per carton, how will the budget line change? (Tell me if the entire line shifts or one of the ends, and if so how) 5. Marginal utility is (please write out your answer-don't just indicate the letter of your answer choice--I'll deduct a point if you dal a always greater than total utility b. not related to total utility c the change in total utility derived from consuming one more unit of a good 1 not as good as normal utility