Question: Question 1 (10 marks) Bob consumes two goods, as and y. His utility function is given by (33, y) = my- Bob's income is $72

Question 1 (10 marks) Bob consumes two goods, as and y. His utility function is given by \"(33, y) = my- Bob's income is $72 per day. The price of one unit of y is always $1 per unit. Yesterday, the price of one unit of good a: was $9. Today, the price of one unit of good a: is $4. Calculate the income, substitution and total effects for good as of this price decrease of good :5. In order to do so, compute yesterday's optimal bundle and today's optimal bundle for Bob, as well as the bundle that is optimal given the appropriate \"hypothetical\" budget line

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