Question: Need help with all parts please. Show all work if possible 3. Suppose a consumer has preferences for normal goods, q1 and q2 , where

Need help with all parts please. Show all work if possible

Need help with all parts please. Show all work if possible 3.

3. Suppose a consumer has preferences for normal goods, q1 and q2 , where q1 = Tootsie' Rolls and q2 = Twix and U(q1, q2) = qlosqzo's. The consumer's budget = $10 and P1 = $1 and P2 = $1. 3. Find the consumer's budget line. I b. Find the consumer's optimal consumption of Tootsie Rolls and Twix bars. c. Find the consumer's optimal consumption of Tootsie Rolls and Twix bars if P1 increases to $2 each. d. Using a single diagram, draw the individual's consumption decision between Tootsie Rolls and Twix bars from a, b and c above. e. Find the consumer's optimal consumption of Tootsie Rolls and Twix bars if P1 = $2, P2 = $1 and their budget increases to $15

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