Question 2 (6 points) Suppose that Julia receives a $24 gift card for the local coffee shop (that expires at the end of the week), where she only buys lattes no muffins. f the price of a latte is $4 and the price of a muffin is $8, then we can conclude that Julia's Budget Constraint has intercepts at _ on the latte axis, and on the muffin axis. Can the option of 2 lattes and 1 muffins be her optimal choice for this week's purchases? Why or why not? What is a possible combination of lattes and muffins that could be her Utility Maximizing choice? Do we know for sure which exact combination Julia will pick as her utilty-maximizing choice? Question 3 (5 points) 20 4 16 C ..... 12- Bread D 8 2 3 Tractors Which assumption gives rise to the shape of the PPC diagram? Explain, utilizing the the numbers shown in the graph for their calculations of which LAW the above PPC shows