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Please calculate the correct answers and briefly explain why Question 3 2 pts With her income of $68, Janice buys only peanut butter sandwiches and
Please calculate the correct answers and briefly explain why
Question 3 2 pts With her income of $68, Janice buys only peanut butter sandwiches and apples. Peanut Butter Sandwiches ($6 each) Apples (PA : $4/kg) 4 l 2 4 248 8 8 360 9 9 368 When she is maximizing her utility, she will purchase peanut butter sandwiches and kg of apples. Your answers should include only numbers. Question 4 6 pts Caroline's utility function for sandwiches (S) and wine (W) can be described as US, W) = SO'SWO'ZS, where each sandwich and each glass of wine costs $8. Each week, she allocates $192 to buying these two goods. 30.5 4W.\" ' W025 30.5 and her marginal utility for wine is MUW = Her marginal utility for sandwiches is MUS = Your answers should include only numbers. If necessary, round your answer to the nearest integer. To maximize her utility, Caroline will purchase sandwiches and glasses of wine. Suddenly, the price of sandwiches falls to $4. She will now consume sandwiches and glasses of wine to maximize her utility. Caroline's decomposition bundle will include sandwiches and glasses of wineStep by Step Solution
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