What is Kate’s marginal utility of gasoline?(b) What is Kate’s marginal utility of wireless phone?(c) What is Kate’s MRS for gasoline with wireless phone?(d) What is Kate’s optimal affordable choice?(e) How utility does she derive from the optimal utility choice?(f) Draw to scale Kate’s budget line, the optimal affordable choice, the indifferencecurve passing through the optimal affordable choice.4. Kate spends all her moretime be lar mobile phone and gasoline bor her car.We’ll we the gymbob W (ke wirelea) to stand by the member of minutes see spouchtalking on lair mobile phone and G to stand for the gallons of gasoline she wes duringn work. Her willy i gloo by C/8 + vW. The price of guoline, P. is $1 pir pills,the price of mobile minutes, Pw, I 80.80 per minute, and Kate can spend up to $20[a) What is Kate’s marginal utility of peolinet(b) What ha Kate’s marginal utility of wireline phone?[a) What h Kate’s MRS for gasoline with wireless phone?(d) What la Kate’s optimal affordable choke?Ish How utility doms she derive from the optimal utility choice?1) Demer in scale Kate’s budget line, the optimal affordable choke, the Indifferencequrve passing through the optimal affordable choke.
Kate’s marginal utility
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