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Can you help me answer 16a,b,c? 10:43 7 X 20201113081228070.... 4 Name: ID: A 16. Suppose you have $60 of income to spend between pizza

Can you help me answer 16a,b,c?

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10:43 7 X 20201113081228070.... 4 Name: ID: A 16. Suppose you have $60 of income to spend between pizza (Z) and bread sticks (S). The graph below shows your budget line with slices of pizza on the vertical axis and slices of bread sticks on the horizontal axis. a. What is the price of pizza per slice and what is the price of an order of breadsticks? b. Based on your answer to part (a), if you want another order of bread sticks, how many slices of pizza must you give up? c. You are currently consuming 20 slices of pizza and 10 orders of bread sticks. Suppose the marginal utility of pizza slices is currently 15 utils and the marginal utility of bread sticks is 60 utils. Are you maximizing your total utility? If not, how should you adjust your consumption? Explain. Slices of Pizza (Z) 40 20 10 20 Orders of Bread sticks (S) 10 Name: ID: A Other 17. SIGN: I have abided by the Honor Code! 18. BONUS (+2) What is a Giffen Good? Explain

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