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For the following questions, provide graphs and explanations as necessary. - If you are providing an explanation use complete sentences and think about explaining the
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). 31. Kathryn enjoys gin (x-axis) and pizza (y-axis). Gin and pizza cost $25.00 and $5.00, respectively. She is limited by her monthly disposable income ($200). Kathryn decides to purchase 2 bottles of gin and 30 pizzas, and her current MRS is 66/1 P. (a) Is her choice optimal? Use a graph and a written explanation in your answer. - If yes, explain why. - If no, how would she get to her optimal point. (Think more or less of each good.)
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