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Bridget has a limited income and consumes only wine and cheese; her current con- sumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget's utility, while the last pound of cheese added 40 units.
a. Is Bridget making the utility-maximizing choice?Why or why not?
b. Ifnot,what should she do instead?Why?
He works at a local coffee shop for wage of $7.50 per hour. The job is very flexible; he can work there as many hours as he wants. When he's not working at the coffee shop, Bil
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