Question 2 Mary's preferences can be represented by U (3;, y) = rnin{:::, y}, where :1: is pair of earrings and y is dollar to spend on other things. Price of earrings, pm is $2 and pg is $1. Her income is $12. Question 2 Part a lWhat is Mary's optimal consumption bundle? Question 2 Part b Now, the price of earrings rises to $3. \"That is her optimal bundle now? Question 2 Part c 'What bundle would Mar}!r choose if she faced the original prices and had just. enough incorne to reach the new indifference curve? \"/hat would be the maxi mum amount that Nlary would pa}r to avoid the price increaSe? Question 2 Part d 'What bundle would Mar}r choose if she faced the new prices and had just. enough income to reach her original indifference curve? By how much l\\'lary's original income would have to raise in order for her to be as welloff as she was with her original bundle