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can you help me solve all the section below, please? thank you 5 5 0EAutoSave O OFF quiz 2_questions Q Home Insert Draw Design Layout

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can you help me solve all the section below, please? thank you

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5 5 0EAutoSave O OFF quiz 2_questions Q Home Insert Draw Design Layout References Mailings Review View Acrobat t 9 Tell me Share Comments Times New... v 12 A" A Aa Ap EVENEVENT AGBbCCDdEe AaBbCcDdEc AaBbCcDdEe AaBbCcDdE Paste BIUvab X x A LA Emphasis Heading 1 Normal Subtitle Styles Dictate Sensitivity Create and Share Request Pane Adobe PDF Signatures Name: [5 marks] Question. Nate's utility function over strawberry jam, X, and peanut butter, Y, is U (x, y ) = VXY +50 The strawberry jam Nate buys is $10 per jar and peanut butter is $2 per jar. Nate has a budget of $100 to allocate to these two items. You are now asked to derive consumer equilibrium. a. What is the equation for his budget line? Draw it, and find the slope, y-intercept, and x- intercept. b. What is Nate's marginal rate of substitution? Hint. MRSx x = - MUs / MUx Now, derive consumer equilibrium (hint. At the optimal, consumer equilibrium, the budget constraint and the indifference curve should be tangent.) d. At an optimal choice, what is the level of utility? Page 1 of 1 135 words X English (United States) Focus E + 107%

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