Consider the following utility functions:Eleanor Rigby !" #, % = #%/10Father McKenzie !* #, % = 100#2%2;where # is one kilogram of apples and % one kilogram of bananas.1) Sketch all the bundles that Eleanor finds indifferent to having 8kg of apples and 2kg of bananas.2) Sketch all the bundles that Eleanor finds indifferent to having 6kg of apples and 4kg of bananas.3) Sketch all the bundles that Father McKenzie finds indifferent to having 8kg of apples and 2kg of bananas.

Imagine that when MattPat gets to Hope there are 27 Hardcore theorist and 9 others (i.e. Everyone else), what is the (inverse) demand curve for t- shirts here? What does the graph look like? 2. Suppose you have the following utility function: U(qx, y) = x 1/3 2/3 x qy is m (instead of specific prices/income given in the example video posted: mp4). a) What is the optimal consumption choice of good x and good y (i.e. q and q)? b) Show that if you double the income and prices that the choice of outcome (i.e. optimal quantity) does not change. c) Suppose there are 20 consumers in the market with the same preferences and income, what is the market demand for good a given m= $54 and Py = $6? The the price of good x is Pr, the price of good y is Py, and income

Refer to the graph below Quantity of Y 160 0 Multiple Choice The consumer's income is $1,000 Why doesn't the consumer choose the combination at point B O Quantity of X 200 O The marginal utility of Y exceeds the marginal uplity of X O The consumer is willing to give up more X for an additional unit of Y than must be given up given the relative prices of X and Y. The marginal utility per dollar spent on X exceeds the marginal utility per dollar spent on Y The consumer is willing to give up more Y for an additional unt of X than must be given up given the relative prices of X and Y

Jose has utility for UC Davis sporting events equal to U = S²B where S is the number of Soccer games and B is the number of baseball games. Baseball games cost $5 per game and Soccer games cost $10 per game. How many soccer games will Jose attend in his optimal bundle for ever baseball game? In other words, in his optimal bundle, S = xB. Second, if Jose has $90 to spend on sports, how many baseball games will he attend? In other words, Jose will attend baseball games in his optimal bundle. Third, if Jose's budget increases to $180, now how many baseball games will he attend? Jose will attend baseball games. Fourth, for Jose, is baseball a normal or inferior good? Enter the word "normal" or "inferior" here