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Suppose Natasha is a rational consumer and her Total Utility (TU) function for beef and mutton is seguesended by the following equation U =48x -
Suppose Natasha is a rational consumer and her Total Utility (TU) function for beef and mutton is seguesended by the following equation U =48x - 2x7+ 54y - 3y Where U represent Natasha's Total Utility function for beef and mutton, and x and y are the quantities on lolograms) of beef and mutton consumed, respectively B) The prevailing prices of beef and mutton are N$45/kilogram and N$65/kilogram, and Natasha's budget for beef and mutton is NS600 Given this information, determine the quantities of beef and mutton in Natasha's optimal consumption bundle (6) Given the information in part (a) draw a diagram to show Natasha's optimal consumption bundle using an indifference curve and a budget constraint ( 4 marks) Paragraph B
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