Question: Please answer the question below with detailed explanation. Question 3 (5 points) : Alex will only buy a pair of shoes (s) if they are

Please answer the question below with detailed explanation.

Please answer the question below with detailed explanation. Question 3 (5 points)

Question 3 (5 points) : Alex will only buy a pair of shoes (s) if they are also buying a hat (h), so their utility function is u(s, h) = min{2s, h}. A pair of shoes costs $50 and a hat costs $20. Suppose Alex has $180 to spent on shoes and hats. What is their optimal bundle

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