Trigleater is a hungry individual in the Grossman model deciding what to have for dinner is looking at variable options. Trigleater has a special condition called "Eaterblood" where whatever she eats will affect her health almost immediately.  The following table reflects the options she is considering and the effect on health Meal                                                        Home Good Z             Health H Steak and eggs                                            +9                                   -4 Kale salad and broccoli                               -5                                  +18 Double cheeseburger deluxe with coke    12                                -18 A miracle pill "Actosfast" is discovered that halves the negative health impact of food. What would the new choice be If Trigleater's single period utility function is given by U=5Z+2H and she can only select one item from the table above,   what would be her total utility after selecting the optimal meal

Suppose you observe a person's answer to two decision problems. Problem 1: You are offered $40 today. What is the minimum amount x you demand one month from today in order to be willing to give up the $40 now? Answer: x = 52. Problem 2: Your are offered $40 today. What is the minimum amount x you demand one year from today in order to be willing to give up the $40 now? Answer: $60. 1. Demonstrate that the rational model of time preferences is violated for this choice pattern. 2. Derive this individual's B and d for the hyperbolic time discounting model. 3. Suppose the utility you get from eating ice cream now is 10 utils. But you pay a cost of -4 utils per hour for the next 4 hours, because it gives you indigestion and makes you feel lethargic. If your hourly B and d for this problem are B = .6 and d = .9, ... 1. What is the total discounted utility of eating ice cream now? 2. What is your total discounted utility now of planning to eat ice cream after lunch tomorrow? 3. Do you eat ice…

PROBLEM 4 – Weak Axiom of Revealed Preference (WARP) Kenangan likes to have time at a coffee shop that also sells “roti bakar.” When the price of a cup of coffee was 10,000 rupiah and the price of roti bakar was 20,000 rupiah, Kenangan ordered three cups of coffee and two pieces of roti bakar. When a pandemic happens, there are increases in the price of coffee. Now the price of a cup of coffee is 12,000 rupiah while the price of roti bakar is down to 16.000 rupiah. Kenangan now orders two cups of coffee and one piece of roti bakar. Determine whether Kenangan’s demand for a cup of coffee and roti bakar fulfills the WARP. Explain using graphics!

What would be the CORRECT solution?