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Mark's income is $100. He spends his money on soda ' bus tickets. All pecple get a coupon for 20% off their first 10 packs
Mark's income is $100. He spends his money on soda ' bus tickets. All pecple get a coupon for 20% off their first 10 packs of socia Bus tickets cost $4 and the government inarges \$1 Sor enery bus ticket. Mark's utility function b=hustickets a) Find Mark's optimal consumption of Soda \& bus tickets. b) If the quantity restriction is removec (20\% off applied to any quantity of Sear purchased). What is the mew optimal consumption bundly? Mark's income is $100. He spends his money on soda ' bus tickets. All pecple get a coupon for 20% off their first 10 packs of socia Bus tickets cost $4 and the government inarges \$1 Sor enery bus ticket. Mark's utility function b=hustickets a) Find Mark's optimal consumption of Soda \& bus tickets. b) If the quantity restriction is removec (20\% off applied to any quantity of Sear purchased). What is the mew optimal consumption bundly
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