Question: T. There are two things that Adana likes: chips (C) and guacamole (G). The prices of the two goods are $5 for a bag of

 T. There are two things that Adana likes: chips (C) and

T. There are two things that Adana likes: chips (C) and guacamole (G). The prices of the two goods are $5 for a bag of chips and $20 for a jar of guacamole. Adana has $400 to spend and her preferences are captured by the utility function U (C,G) = 04G\" . a} Derive Adana's optimal consumption bundle of chips and guacamole. h} Adana gets a pay increase, so now she can afford to spend 36%! on the two goods. At the same time, the price of chips increases to $15, while that of guacamole falls to $15. How much of the two goods will Adana consume after these changes

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