Question: 1. Suppose Jessica has the utility function for Biscuits (B) and Jelly (J): U(B,J) = 4B + BJ a. Graph an indifference curve when Jessica

1. Suppose Jessica has the utility function for Biscuits (B) and Jelly (J): U(B,J) = 4B + BJ a. Graph an indifference curve when Jessica has 80 utils of utility. Put biscuits on the horizontal axis and label at least 3 points b. Find the marginal utility of Biscuits. Is it increasing, decreasing, or constant? c. Find the marginal rate of substitution Biscuits for Jelly. Is it increasing, decreasing, or constant? d. Find Jessica's optimal bundle when I=48, p=4, and p=2

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