1Given the utility function 𝑈 = 𝑥0.5𝑦0.5 calculate the utility of consuming bundle 𝑎:[16

[answerhappygod]

1Given the utility function 𝑈 = 𝑥0.5𝑦0.5 calculate the utility
of consuming bundle 𝑎:[16,36].
2Calculate the marginal rate of substitution at this bundle and
interpret your answer. 4. Sam budgets $40 a week for her weekday
lunch. She only considers two options: sandwiches (x) which cost $5
and salads (y) which cost $8.
a. Calculate and illustrate her budget constraint.
b. Now assume that the price of sandwiches increases to $6.
Calculate and add this to your illustration.
c. Sam considers one sandwich and one salad to be perfect
substitutes for each other. Calculate the marginal rate of
substitution and the slope of the new budget constraint (from
b.).
d. Determine her optimal bundle and add this to your
illustration appropriately.