Question: Please answer it properly and clean. Please answer it mathematically and draw the graph by hand. Someone answer it before but not complete and proper.

Please answer it properly and clean. Please answer it mathematically and draw the graph by hand. Someone answer it before but not complete and proper.

Utility Movies Utility Burgers Utility 66 80 126 152 180 3 184 4 228 208 258 5 228 282 6 243 300 253 312 8 261 12th Assignment 1. Use the utility table from class. Find the optimal bundle when the price of a Burger is $10, the price of Movie is $6, and there is $34 to allocate. 2. Find the optimal bundle when the price of Burgers changes to $8. 3. Sketch the optimal bundles on a consumption diagram and graphically derive, and find the equation for, the demand curve. 4. Find the optimal bundle when the income increases to $60. [Note: PB =8 and Pv=6.] 5. Find the Cross-Price Elasticity and the Income Elasticity of Movies

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