Utility Model Guidance Default (GPT-3.5) User Assignment Course Code: ECON EB122 Course Name: Microeconomics Assignment: Assignment 3 Assignment Description This is an individual assignment. You will demonstrate your understanding of how utility theory affects consumers in allocating their scarce resources. This assignment is worth 4% of your total grade and is due on Day 7. Assignment Steps To complete this assignment: 1. Review the rubric for this assignment. 2. Review content learned on Day 5. 3. Review Practice - Graphing a Linear Equation using Excel. 4. Download Assignment 3 - Question and Answer Sheet.docx and answer the 4 questions included. 5. Type your answers in the answer sheet using the Equation Editor (if any). 6. Perform calculations in Excel and copy them to the Answer Sheet (if any). 7. Proofread all your answers. 8. Submit the answer sheet to the Assignment 3 Submission Folder. 9. Submit the answer sheet to the Assignment 1 Submission Folder. Questions Suppose t