Laura Mussel is a very important client of your consulting c…

Laura Mussel is a very important client of your consulting company. Her preferences between golf and tennis are represented by U(g, t) = g1/2 + t, where g is the number of rounds of golf and t is the number of tennis matches she plays per week.  The price of g is $1 each and the price of t is $2 each. Laura is planning to spend $11 in total. The optimal amount of tennis matches she should play is:

  Judith Grimes wants to switch her cellphone carrier to mob…

  Judith Grimes wants to switch her cellphone carrier to mobile virtual network operator (MVNO). FreedomMobile offers a plan with no monthly service fee and a price of $3 per GB data usage. Judith has a monthly income of $900, and her utility function is U=x1/2g1/2, where x is money spent on other goods and g is the amount of GB data usage. Judith’s budget constraint is x + 3g = 900 The MRS =MUx/MUg of Judith’s utility function is g/x. If Judith chooses FreedomMobile’s plan, at her optimal consumption bundle, she should use [response2] GB data. (please round to integer) Another company, MintMobile offers a plan with a monthly service fee $100 and a price of $1 per GB data usage. If Judith chooses MintMobile’s plan, at her optimal consumption bundle, she should use [response3] GB data. (please round to integer) (The MRS will be the same)