Utility Maximization At For this discussion answer the 2 questions below AND explain how you arrive at your answer. Question 1: A consumer is consuming the following quantities of two goods both with a price of $1 and receiving the MU indicated: Quantity MU received Good A (price $1) 10 60 Good B (price $1) 8 80 Is this consumer maximizing his/her utility? Should the consumer consume more of A or more of B? Question 2: Give a hypothetical example of a consumer's budget constraint. In your example . state the 2 goods the consumer is consuming, . the consumer's income, . the slope of the budget constraint. Secondly, draw an indifference curve for the 2 goods you have identified, pick a point on the indifference curve, and show the marginal rate of substitution (MRS), what does the MRS tell us