Question 11: Claudio Audio has 51000 which he can spend on either CD players (P) or CD5 (C). He cannot play his CDs without the CD player, but additional CD players don't make him any happier, since he can listen to only one at a time. CD players cost $200 each; and CDs cost $10 each. a. Write down the equation for Claudio's budget line. b. Describe in words and math Claudio's consumer problem. c. Sketch in Claudio's indifference curves, with CD players on the horizontal axis. d. Can you figure out from the information given what the equilibrium will be? Question 12: True/False/Uncertain. Sue consumes only two goods, food and clothing. The marginal utility obtained by spending an extra dollar on either good is 3. The price of food is $1.20/unit, and the price of clothing is $0.90/unit. Questions: (i) What are the marginal utilities of food and clothing for Sue at her current consumption pattern? (ii) True/False/Uncertain (Explain) Sue must be maximizing her utility (given her current consumption pattern)