Question: Please answer fully. Problem 1 The Optimal Bundle A consumer has preferences for good X and money spent on other items (Mcmey) summarized by the

Please answer fully.

Problem 1 The Optimal Bundle A consumer has preferences for good X and money spent on other items (Mcmey) summarized by the utility function U(1x 'lMDnciJ = qun' + 20 It; - a) Using calculus, nd the expression of the consumer's Marginal Rate of Substitution of money for good X. Then compute the MRSMX when qx = 1 and rim\

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