) Utility-maximizing prep school student Jonathan with smooth, convex indifference curves (Cobb Douglas) spent his entire allowance on Reeses (R) and M&Ms (M) last month. R 8|. M are imperfect substitutes to him. This month, the per-unit price of Reeses doubles and the per-unit price of M&Ms triples. Poor Jonathan complains to his parents, and as a result they immediately increase his allowance so that, if desired, he could just afford to purchase the same bundle this month as he did in the last. Are the following statements true, false, or uncertain? (Use a graph to illustrate your answers and explain your answers.) a. He eats more M&Ms and fewer Reeses than last month. b. He is just as well off as he was last month