QUESTION 3 CLO 3 (20 MARKS) Jeffrey Stephens has a weekly budget of $5,000 to spend on fast food. He is highly excited that a Mexican restaurant has been opened in his town and after sampling the items in this restaurant he has decided that for the next several weeks he will spend his entire fast-food budget on burritos or tacos or a combination of both. The price of a burrito is $500, and the price of a taco is $250. The estimated satisfaction associated with consumption of these products is displayed in Table 2: Table 2 Units Burritos Burritos Tacos Tacos Consumed Total Utility Marginal Utility Total Utility Marginal Utility 0 0 0 1 200 150 2 350 270 3 450 340 4 500 370 5 500 370 6 480 310 Required: a. Write down an equation for Jeffrey Stephens Budget Line and state the maximum amount of each item Jeffrey can consume on a weekly basis (3 marks) b. Display the budget line on a diagram. (2 marks) c. Show What would happen to the budget line if i. the price of burritos decreased to $200, and every other variable remained constant. (3 marks) ii. Starting from the original budget line Jeffrey Stephens doubled his budget allocation for fast food. (3 marks) d. Complete the table by calculating the marginal utility for burritos and tacos. (6 marks) e. Even though Jeffrey enjoys burritos, would he be willing to pay $500 for the fth burrito he consumed at one sitting? Explain your