Question: A.3 {8%) Consider U[3:1,1'g) = 32:1 + 32:2 exp[221). Suppose the budget line is given by 43:1 + 5:112 = 120. Solve out the optimal

A.3 {8%) Consider U[3:1,1'g) = 32:1 + 32:2 exp[221). Suppose the

A.3 {8%) Consider U[3:1,1'g) = 32:1 + 32:2 exp[221). Suppose the budget line is given by 43:1 + 5:112 = 120. Solve out the optimal bundle. Depict the optimal bundle, budget line and indifference curve a qualitative graph

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