Given these assumptions, if point A on the graph above is the point of tangency between the original maximum affordable utility lCurve and the original B-Line of Project 1, then: Very Important: There are multiple correct choices for this question. Make sure you choose them all to get full credit. D A. concerts are normal goods C] B. concerts are inferior goods C] C. concerts are necessities [:1 D. concerts are luxuries C] E. videos are normal goods C] F. videos are inferior goods C] (3. videos are necessities C] H. Videos are luxuries You have a limited budget to spend on leisure activities while at school. You can use this budget for video rentals or concert tickets as in Problem Set 1. Assume for this problem set, however that your budget increases from $60.00 to $72.00. Your utility function is: U = (C15) * (V'5), where: C is concerts per month, V is video rentals per month, and "*" indicates multiplication. Each video rental costs $4.00. Each concert ticket costs $8.00. Yaurbudget is increased to $72.00/month. For Project 3, your budget increases from $50.00 to $72.00, and the price of concert tickets is $8.00. 20 19.5 19 18.5 18 17.5 17 16.5 16 15.5 15 14.5 14 13.5 15 12.5 12 11.5 11 10.5 10 9.5 9 8.5 B 7.5 7 6.5 6 5.5 5 4.5 4 3.5 5 2.5 2 1.5 1 0.5 0 0 0,5 1 1.5 2 2.5 3 3,5 4 4.5 5 5.5 6 6.5 7 7.5 B 3.5 9 9.5 10 10.5 11 11.5 12