Question: Economic Consider the following table with information regarding the preference and utility patternof Red Sox fan Bobby when purchasing food and beer while watching a

Economic

"Consider the following table with information regarding the preference and utility patternof Red Sox fan Bobby when purchasing food and beer while watching a Red Sox game.Consumption of Food Consumption of Samuel Adams BeerQuantity TU MU Quantity TU MU0 0 0 0 1 120 1 1602 220 2 3203 300 3 4404 360 4 4905 400 5 520a. Estimate the MU values for both food and beer and fill in the blanks in the MU columns.b. Suppose Bobby has $40 to spend on food or beer or both, and the price of beer is $4per bottle and $5 for food/unit. What would be the best combination of beer and foodfor Bobby to maximize his TU?c. Suppose on another game day, Bobby found out that the beer price has gone up to $5per bottle with no change in the price of food. With the new relative price, what will b"

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