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Urrently, Homer buys 7 donuts and 5 candy bars each week. Buying 7 donuts a week...

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Urrently, Homer buys 7 donuts and 5 candy bars each week. Buying 7 donuts a week...

urrently, Homer buys 7 donuts and 5 candy bars each week. Buying 7 donuts a week gives Homer a marginal utility per dollar of 8.2. Buying 5 candy bars a week gives him a marginal 1. utility per dollar of 7.1. To maximize his total utility, should Homer increase his consumption of donuts? (1 pt.) When Marge created her budget, she allocated \$56 of her income to be used towards apple and pumpkin pie. Assume the price of apple pie is \$7 and the price of pumpkin pie is \$8. (3 pts.) a. Draw Marge's budget line. Label both axes and both intercepts 2. b. Assume the price of apple pie increases to \$8. Add the new budget line to the graph drawn in part a

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