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b) Berk is trying to decide how much cakes and biscuits to buy. Cakes cost 3 TL each, biscuits cost 4 TL each. Suppose he

b) Berk is trying to decide how much cakes and biscuits to buy. Cakes cost 3 TL each, biscuits cost 4 TL each. Suppose he has an income of 24 TL. Fill in the table above and show how many units of each he should purchase to maximize utility also derive berks demand for cakes and explain why the demand curve is negativly sloped

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b) Berk is trying to decide how much cakes and biscuits to buy. Cakes cost 3 TL each, biscuits cost 4 TL each. Suppose he has an income of 24 TL. Cakes Biscuits # of each TU MU MU/P TU MU MU/P 30 56 2 54 92 3 72 112 A 87 124 96 132 99 132 Fill in the table above and show how many units of each he should purchase to maximize utility. Also derive Berks Demand for Cakes and explain why the demand curve is negatively sloped (18 points)

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