Question 1 Sam consumes shoes and other things. His utility for shoes, x and money to spend on other goods y is given by U(x,y)=100x2x2+y Question 1 Part a What is Sam's inverse demand curve for shoes? Question 1 Part b If the price of shoes is $50, how many shoes will Sam consume? Question 1 Part c If the price of shoes is $80, how many shoes will Sam consume? Question 1 Part d Suppose that Sam has $4000 in total to spend a month. What is his total utility if the price of shoes is $50 ? Question 1 Part e What is his total utility if the price of shoes is $80? Question 1 Part f What is the change in (net) consumer's surplus when the price changes from $50 to $80