Question 1 (3.5 points) Ming spends her entire weekly budget M > 0 on candy bars (a?) and comic books (y). If she spends all of M, she can buy: 0 4 candy bars and 4 comic books 0 5 candy bars and 2 comic books Note: We assume that both candy bars and comic books are infinitely divisible. Wherever rounding is needed, please round to 3 decimal points. (a) (0.5 point) Let p2 denote the price of a candy bar (3:) and py denote the price of comic books (y). Using the above information, we can determine that Pz/py 2|:I- (b) (0.5 point) If Ming spends entire income M on buying comic books (3;), what is the maximum number of comic books she could buy? FD. (c) (0.5 point} If Ming spends entire income M on buying candy bars (3:), what is the maximum number of candy bars she could buy? pm. (d) (1 point) Ming's preferences over candy bars (:13) and comic books (3;) is given by the utility function > Uzmaxm : :12, :I:_y, {,y} {y My One property among the four listed below does not hold for Ming's preferences. Which one? OCom plete OConvex OTransitive OMonotone (e) (1 point) Given the utility function in (d) and the budget constraint implied by parts (aJ-(c), the maximum utility that Ming could get is D