ipad 1:43 AM A s3.us-east-1.amazonaws.com $ 31% 1. Suppose Bill can buy two goods, xylophones (X) and yogurt (Y). The utility he gains from these goods is shown in the table below. # of Units MU MUy m t n + MN a) If the price of xylophones is $2 per unit and the price of yogurt is $3 per unit, how many xylophones and yogurts will this consumer purchase, given an income of $17? b) If the price of Y rises to $4.50 per unit, how much of X and Y will this consumer purchase, O given an income of $17? 2. Suppose you decide to start your own business. You quit a job at which you earned $38,000 per year and invest $20,000 of your own money (which had been earning 10% in a mutual fund). You incur raw materials costs of $23,000. After 1 year you earn revenues of $23,000 at your new business. You decide to go back to your old job, and you sell your business for $20,000. A friend tells you "Hey, you broke even-- you got your money back when you sold the business." So, what do you think? What is the profit on your 1-year business venture? (Assume no other input costs, and be sure to count the sale of your business as income.)