Question: Question 1 (3.5 points) Ming Spends her entire weekly budget M > 0 on candy bars (x) and comic books (y). If she spends all

 Question 1 (3.5 points) Ming Spends her entire weekly budget M
> 0 on candy bars (x) and comic books (y). If she

Question 1 (3.5 points) Ming Spends her entire weekly budget M > 0 on candy bars (x) and comic books (y). If she spends all of M, she can buy: 0 4 candy bars and 4 comic books 0 5 candy bars and 2 comic books Note: We assume that both candy bars and comic books are infinitely divisible. Wherever rounding is needed, please round to 3 decimal points. (a) (0.5 point) Let p}. denote the price of a candy bar (x) and p}. denote the price of comic books (y). Using the above information, we can determine that px/py = E (b) (0.5 point) If Ming spends entire income M on buying comic books (y), what is the maximum number of comic books she could buy? FE. (c) (0.5 point) If Ming spends entire income M on buying candy bars (x), what is the maximum number of candy bars she could buy? \"D. (d) (1 point) Ming's preferences over candy bars (x) and comic books (y) is given by the utility function x, x 2 y. y, x

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