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PROBLEM II. Charlie likes apples and bananas. He consumes nothing else. The consumption bundle where Charlie consumes :31 units of apples and :32 units of

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PROBLEM II. Charlie likes apples and bananas. He consumes nothing else. The consumption bundle where Charlie consumes :31 units of apples and :32 units of bananas is written as (2:1, :52). The set of consumption bundles (3:1, m) such that Charlie is indifferent between (1:1, :32) and (5, 15) is the set of all bundles such that 3:2 = 75/5\". The set of bundles (31,32) such that Charlie is just indifferent between (351,32) and the bundle (5,50) is the set of bundles such that 3:; = 250/331. Q6. True or false: (5,15) 3'; (25, 3). (a) True. (b) False. Q7. True or false: (10, 25) ~ (5,15). (a) True. ('0) False. Q8. True or false: (50,4) >- (30, 10). (a) True. (b) False. Q9. What is Charlie's marginal rate of substitution at the point (5, 15)? (a) 3/25. (b) -1/3 (C) -1- (d) (e) \"25/3. Q10. what is charlies Marginal rate substitution at the point ( Iss ) (a) -3/25. (b) -1/3. (c) -1. (d) -3. (e) -25/3. Q11. What is Charlie's marginal rate of substitution at the point (25, 3)? (a) -3/25. ( b ) - 1/3. ( c ) - 1. (d) -3. (e) -25/3

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