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(c)* (7 points) Suppose that Maria has just won the lottery, so that her money constraint is now irrelevant. We disregard it for the remainder
(c)* (7 points) Suppose that Maria has just won the lottery, so that her money constraint is now irrelevant. We disregard it for the remainder of this question. Suppose further that the duration of a tennis match were to decrease to 90 minutes. i. What would Maria's new optimal consumption of tennis be? ii. Use the Hicks-Allen decomposition to determine the income and substitution effects that comprise the price effect. iii. What must the duration of a tennis match be so that all bundles on Maria's budget line are optimal simultaneously
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