B. Suppose the following table shows Tina's total utility from her consumption of different quantities of cookies and latte. Quantity of cookies Quantity of latte 0 1 0 1 2 3 4 MU of TU from cookies cookies 0 20 38 54 68 80 90 96 100 TU from MU of latte latte 0 30 45 57 66 WIN 2 3 4 5 72 77 5 6 7 8 6 7 8 78 78 0 Calculate Tina's marginal utilities from cookies and latte and write them in the table. ) Suppose Tina's budget is 518 and the prices $3 for latte and S2 for cookies. What quantities of cookies and latte should Tina choose to maximize her utility? () How much does she spend on each good at this equilibrium? (iv) Suppose Tina got a big discount on Latte. The new price for latte is Sl while the price of cookies and Tina's budget remained the same at S2 and 18, respectively. What is the new utility maximizing quantities of cookies and latte that Tina would choose? C. The following shows Tina's indifference curves for consumption of cookies and latte, and the table that follows it shows the marginal rate of substitution (MRS) between cookies and latte at different points on the indifference curve. Note that MRS measures the slope of the indifference curve at a particular point on the indifference curve. point on IC MRS Quantity Quantity of latte of cookies 8 2 5 3 1 a b 4 2 1 4 Latte IC cookies (i) If price of latte is $2 and price of cookies is $8 and Tina's budget is $34, what is her utility maximizing combination of latte and cookies