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Yamez loves to go on 200 trips. Going on 3 Zoo trip costs Yamez a total of $53 per trip. Yamez also loves to go

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Yamez loves to go on 200 trips. Going on 3 Zoo trip costs Yamez a total of $53 per trip. Yamez also loves to go to Jazz concerts. Going to a concert costs Yamez a total of $26 per concert. Yamez must allocate his monthly entertainment budget carefully, and has evaluated how much satisfaction, measured in utils, he obtains from each 200 trip and each Jazz concert visit. Yamez's total utility from each activity is independent of the amount of the other activity he engages in. Yamez has an entertainment budget of $290. Suppose that the price of a Jazz concert falls to $19 from $26. The income budget remains at $290. Visits past 7 will not give any extra utility. a) Compute Yamez's original equilibrium (before the price change). Original number of 200 trips = I Original number of Jazz concerts = I b) Fill out the table for the new MU/P for Jazz 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. 0) Compute Yamez's new equilibrium (after the price change). New number of Zoo trips = I New number of Jazz concerts =

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