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thank you Jason loves to go on Ski trips. Going on a Ski trip costs Jason a total of $40 per trip. Jason also loves

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Jason loves to go on Ski trips. Going on a Ski trip costs Jason a total of $40 per trip. Jason also loves to go to Rock concerts. Going to a concert costs Jason a total of $22 per concert. Jason must allocate his monthly entertainment budget carefully, and has evaluated how much satisfaction. measured in utils, he obtains from each Ski trip and each Rock concert visit. Jason's total utility from each activity is independent of the amount of the other activity he engages in. Jason has an entertainment budget of $226. Suppose that the price of a Rock concert falls to $19 from $22. The income budget remains at $226. Visits past 7 will not give any extra utility. a) Compute Jason's original equilibrium (before the price change). at number of Ski tn b) Fill out the table for the new MUIP for Rock concerts (after the price change). Keep as much precision as possible during your calculations. Your nal answer should be accurate to at least two decimal places c) Compute Jason's new equilibrium (after the price change). New number of Ski trips = I New number of Flock concerts =

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