Question: Please answer and explain these 2 questions 1 . Henry and Holly Hitch are a high-income two-children couple, who like to eat out and go
Please answer and explain these 2 questions
1. Henry and Holly Hitch are a high-income two-children couple, who like to eat out and go to the theater. In addition to the money it takes for these activities, they must get a babysitter for each evening out, which is done through their babysitting cooperative. During the coming year, they will have $12,000, and 300 hours of babysitting credits, to use for their dining out and theater visits. Each dinner evening takes 3 hours and costs $150, while each evening at the theater also takes 3 hours and costs $100. Usex to denote the number of dinners out and y to denote the number of theater visits. Write down Henry and Hollys time budget constraint and money budget constraint.
2. Money is a piece of paper. To purchase each piece of this paper, you need to pay 2 apples for it. In order to purchase m pieces of money, how many apples are you paying in total?
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