Anna's preferences can be represented by the utility function with marginal rate of substitution MRS(x,y) =...

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Anna's preferences can be represented by the utility function with marginal rate of substitution MRS(x,y) = 3x+4 2y For each of the given parameter values below, determine whether the listed bundle is an optimal choice for Anna subject to the budget constraint. p denotes the per-unit price of good 1, q denotes the per-unit price of good 2, and m denotes Anna's income. 1. Bundle A=(2,5) with prices p=2, q= 2, and income m = 20. 2. Bundle B = (0,4) with prices p = 5, q = 4, and income m = 16. = 3. Bundle C (2,3) with prices p=1, q = 6, and income m = 20. Anna's preferences can be represented by the utility function with marginal rate of substitution MRS(x,y) = 3x+4 2y For each of the given parameter values below, determine whether the listed bundle is an optimal choice for Anna subject to the budget constraint. p denotes the per-unit price of good 1, q denotes the per-unit price of good 2, and m denotes Anna's income. 1. Bundle A=(2,5) with prices p=2, q= 2, and income m = 20. 2. Bundle B = (0,4) with prices p = 5, q = 4, and income m = 16. = 3. Bundle C (2,3) with prices p=1, q = 6, and income m = 20.

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