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QUESTION 10 The utility of Eva on bundles (X1.*2) is u(X1.*2) = 3X1 + 4X2. Suppose P1 = $7, P2 = $8, and ) =
QUESTION 10 The utility of Eva on bundles (X1.*2) is u(X1.*2) = 3X1 + 4X2. Suppose P1 = $7, P2 = $8, and ) = $56. The optimal bundle for Eva is O a. (0, 7) O b. (8, 0) O C. Any bundle (X1.*2) such that 7x] + 82 = 56, x1 20 x, 20 O d. ( 4, 3 4 ) O e. None of the above. QUESTION 11 QUESTION 11 Consider again Eva from the previous problem, but now 1 = $6 (not $7). The optimal bundle for Eva is O a. (0, 7) O b. (9 4, 0) O C. Any bundle (*1. *2) such that 6x1 + 8X2 = 56, x] 2 0 x2 20 O d. 14 ( 3 . 3 3 ) O e. None of the above
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