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e combinations mentioned just uses up all ner fricorrie! 2. Continuing from the previous exercise, suppose that Monifa's income rises to $120. Add her new

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e combinations mentioned just uses up all ner fricorrie! 2. Continuing from the previous exercise, suppose that Monifa's income rises to $120. Add her new budget line to the previous graph. 3. Next, suppose that Monifa's income stays at $100, but the price of concert tickets drops from $20 to $12.50 each. a. Draw and carefully label both her original and her new budget lines. b. Can she afford 2 movie tickets and 6 concert tickets after the price drop? 4. Suppose that Antonio's total utility from different quantities of snacks per day is given by the table below. Quantity of snacks per day Total utility Marginal utility O 20 40 60 CO N O U A W N H O 75 85 90 85 75 a. Draw and label Antonio's utility function for snacks. b. Fill in the last column of the table above, calculating Antonio's marginal utility from snacks. C. Does Antonio always display diminishing marginal utility in his satisfaction from snacks? d. Assuming Antonio is rational, what is the maximum number of snacks that he could choose to consume per day

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