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I would sincerely appreciate help with this problem because I have tried it a few times and can't crack it a Amazon.com - On... Judiciary

I would sincerely appreciate help with this problem because I have tried it a few times and can't crack it

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a Amazon.com - On... Judiciary Drive -... in Linkedin D Sakai : Home : Ov.. MyLab D C (d) Which kind of tax would lower Lori's utility the least, and why? 2. Suppose Cartman consumes only slices of pizza x and pieces of fried chicken y and has preferences represented by U(x; y) = x + y. Suppose that the price of pizza is initially Pr = 2, the price of chicken is Px - 4 and Cartman's allowance is I = 100 per week. (a) Find Cartman's optimal consumption bundle (x*; y*) and the utility level up he obtains. Draw Cartman's budget line and relevant indifference curve in a graph being sure to clearly indicate which is which! (b) Holding fixed Py - 4 and I = 100, find Cartman's Marshallian (ordinary) demand function for pizza, x* (Px; 4; 100) over the price range 0 4) (c) Holding fixed Py = 4 and utility at uo (the value you found in part (a)), solve Cartman's expenditure minimization problem for pizza consumption over the price range 0

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