Essay Questions: 31 & 32 For the following questions, provide graphs and explanations as necessary. . If you are providing an explanation use complete sentences and think about explaining the concept "In English" (i.e. act as if you are explaining the concept to someone who isn't taking or teaching this course). . In each problem, the good mentioned first is considered the x-axis good. 31. Hannah thoroughly enjoys pizza and beer from BJ's ($16 and $8, respectively), but is limited by her monthly disposable income (i.e. income after paying for necessities), which is $400. Given that Hannah's rational decision making skills will land her at her most optimal point, (a) Graph Hannah's budget constraint and label it. (b) What are the values of the y-intercept, x-intercept, and slope? (c) Given that Hannah decides to purchase 15 pizzas and that she will use all of her disposable income of pizza and beer, how many beers will Hannah decide to purchase? (d) Graph Hannah's indifference curve and label it. (e) What is Hannah's MRS at her optimal point? (f) Explain what the MRS means. 32. Hannah still thoroughly enjoys pizza and beer from BJ's, but has moved to another state where the cost of pizza and beer is less ($12.50 and $6.25, respectively). She is still limited by her monthly disposable income (now $200). Hannah decides to purchase 5 pizzas and 22 beers, and her current MRS is 4P/1B. (a) Is her choice optimal? If yes, explain why. If no, explain why and how she would get to her optimal point. Use a graph and a written explanation in your