Question: 1. (15 marks) Suppose that a decision maker has $100. They need to choose how many kilos of chocolate (c) and vegetables (v) they will

1. (15 marks) Suppose that a decision maker has $100. They need to choose how many kilos of chocolate (c) and vegetables (v) they will purchase. Chocolate costs $2 per kilo and vegetables cost $1 per kilo. They are choosing and v to maximise the utility function 5 1 Ule,v) = c* + v a where is a constant and 0

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