Mark is a workout fanatic.Heearns $60per week and consumes only two goods--Protein Shakes andJogging Shorts.

Questions:

(a)Provide any two assumptions of the Consumer Choice Model (2marks)

(b)Calculate Mark's budget constraint,assuming that protein shakes cost $5 each andjogging shorts cost $20each.Place your answer in the form of a chart. (5marks)

(c)Consider an allocation of2jogging shorts and 3protein shakes.What is happening at this allocation?Explain.(2 marks)