Jackson has the following utility function for basketball je…

Jackson has the following utility function for basketball jerseys () and baseball caps (): . He has $720 to spend, the price of a basketball jersey is $120, and the price of a baseball cap is $60. Solve for Jackson’s optimal bundle of basketball jerseys and baseball caps. Round your answers to the nearest hundredth. 

Sophia has the following utility function for iced coffees (…

Sophia has the following utility function for iced coffees () and handbags (): . Sophia has $900 to spend on iced coffees and handbags each month. The initial price of an iced coffee is $5 and the initial price of a handbag is $100. Suppose the government imposes a 15% ad valorem tax on handbags.