1) Suppose that Irma, when on her lunch break always chooses between bur- ritos and sushi to eat for lunch. One day she realized when going over her budget that year on year she spends 40% of her lunch budget on burritos and 60% on sushi. a) What kind of utility function would best describe Irma's preferences? b) Given your answer to a) formally right down Irma's utility maximization problem using the information provided defining burritos as b and sushi as s and their respective prices as p, and p, and income as y. c) Can you derive the demand functions for burritos and sushi for Irma? What are they? d) Suppose I told you Irma spent $1000 on lunch last year, solve for the price

The option or alternatives from which decision are made

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You are looking for a car to lease. Your income is $3,000 per month, and you know that you should not spend more than 20 percent of your income on a car payment. You have found four deals in the table below. options Location Monthly Rent Toyota Camry $400 Lincoln MKZ $660 Ford Fusion $380 BMW 740 $720 Instructions: In order to receive full credit, you must make a selection for each option. For the correct answer(s), click the box once to place a checkmark. For the incorrect answer(s), click the option twice to empty the box. Suppose you adhere to the 20 percent guideline but also receive a $100 monthly allowance from your parents towards your car payment, which option(s) fall within your budget? Group of answer choices Toyota Camry Lincoln MKZ Ford Fusion BMW 740