Question: Problem 3 [20 pts] Consider the utility function u(x1, x2) = 3In(x1) + x2. Initially p1 = $1 and p2 = $2. Income is $

Problem 3 [20 pts] Consider the utility function u(x1, x2) =

Problem 3 [20 pts] Consider the utility function u(x1, x2) = 3In(x1) + x2. Initially p1 = $1 and p2 = $2. Income is $ 15. 1. Derive the optimal consumption bundle. [05 pts] 2. If the price of good 1 doubles to $ 2, derive the new consumption bundle. [03 pts]

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1. Set a personal goal for yourself in your work situation. Examine this goal in the light of the 10 factors to achieve goals.

4. Set up at least one work role that is important for you to master. Reflect on how you can use your time more efficiently, not necessarily spend more time, to perform better in this work role.

3. List four goals that are important to you. Then set up the roles that correspond to these goals. How will you shape your personal vision as a result of your goals and roles?