Question: 1. Serpil's utility function is U(B,C )= B . C , where B = veggie burgers per week and C = packs of cigarettes per

1.Serpil's utility function is U(B,C )= B . C , where B = veggie burgers per week and C= packs of cigarettes per week.

a ) What is her marginal rate of substitution if veggie burgers are on the vertical axis and cigarettes are on the horizontal axis ?

b) Serpil's income is $120, the price of veggie burger is $2, and that of a pack of cigarettes is $1. How many burgers and how many packs of cigarette does Serpil consume to maximize her utility? Illustrate your answers in a graph.

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