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Question 2. Choice in a World of Scarcity; Utility. (25 points) Your professor has $20 to spend on Sour Patch Kids and Cherry Coke Zero,

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Question 2. Choice in a World of Scarcity; Utility. (25 points) Your professor has $20 to spend on Sour Patch Kids and Cherry Coke Zero, the two supplies most useful in the production of economics papers. Cherry Coke Zero costs $1.50. Sour Patch Kids Q,u $2.50. - The professor gets utility from the goods as follows: Quantity | Total Marginal | Marginal | Quantity | Total | Marginal | Marginal of Cherry | Utility Utility of | Utility per | of Sour Utility | Utility of | Utility per Coke from Cherry Dollar for | Patch from Sour | Sour | Dollar for Zero Cherry Coke Cherry Patch | Patch | Sour Coke Zero Coke Kids | Kids | Patch Zero Zero _r ,r_iA;_am X | X ! | (Some columns were left empty. You may, but are not required to, fill them in if you will find it helpful to do so.) ay Write the professor's budget constraint. b) Sketch the professor's budget constraint. c) Whatis the opportunity cost of one Cherry Coke Zero? d) What is the opportunity cost of one unit of Sour Patch Kids? e) Whatis the professor's optimal consumption bundle? Explain fully how you found the optimal bundle

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