optimal level of

x,Y

, and

Z

? If the decision maker combination? Explain.\ 12. Suppose a firm is considering two different activities,

x

and

Y

, which efits presented in the schedule below. The price of

x

is

$2

per unit, and the price

$10

per unit.\ \\\\table[[\\\\table[[Level of],[activity]],\\\\table[[Total benefit of],[activity

x(TB_(x))

optimal level of X,Y, and Z ? If the decision maker combination? Explain. 12. Suppose a firm is considering two different activities, X and Y, which yield the total benefits presented in the schedule below. The price of X is $2 per unit, and the price of Y is $10 per unit. a. The firm places a budget constraint of $26 on expenditures on activities X and Y. What are the levels of X and Y that maximize total benefit subject to the budget constraint? b. What is the total benefit associated with the optimal levels of X and Y in part a ? c. Now let the budget constraint increase to $58. What are the optimal levels of X and Y now? What is the total benefit when the budget constraint is $58 ? optimal level of X,Y, and Z ? If the decision maker combination? Explain. 12. Suppose a firm is considering two different activities, X and Y, which yield the total benefits presented in the schedule below. The price of X is $2 per unit, and the price of Y is $10 per unit. a. The firm places a budget constraint of $26 on expenditures on activities X and Y. What are the levels of X and Y that maximize total benefit subject to the budget constraint? b. What is the total benefit associated with the optimal levels of X and Y in part a ? c. Now let the budget constraint increase to $58. What are the optimal levels of X and Y now? What is the total benefit when the budget constraint is $58