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7. Given the Adam Duritz utility function between CD's (C) and hard candy (H) is , a. Sketch Adam's indifference curve for U=5, U=10 and U=20.b. Suppose Adam has $100 to spend and that CDs cost $2.50 and hard candy cost $10. Draw Adam's budget constraint on the same graph as his indifference curves. c. Suppose Adam spends all his money on hard candy. How many can he buy and what is his utility?d. If Adam buys 5 hard candies, how many CDs can be buy? What is his utility?e. What is the optimal amount of CD's and hard candy when Adam has $100, $200, and $500?f. What is the optimal amount of CD's and hard candy when the price of CDs increases to $5 and the price of hard candy remains unchanged at $10 for Adam when his income is $100, $200, and $500?
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a. analyse a range of current economic issues and problems.b. develop and communicate economic arguments in a variety
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