Brazil is looking to open up their economy to free trade in…

Brazil is looking to open up their economy to free trade in the market for cocoa beans. The world price is higher than Brazil’s domestic price. Does Brazil import or export? Do domestic consumers or producers gain? Is there an increase or decrease in total surplus for Brazil?

Quantity of Pita Wraps Total Utility Quantity of Bubble…

Quantity of Pita Wraps Total Utility Quantity of Bubble Tea Total Utility 1   60 1   40 2 102 2   70 3 132 3   91 4 144 4 106 5 144 5 112 6 138 6 115 7 128 7 115 Keegan has $30 to spend on Pita Wraps and Bubble Tea. The price of a Pita Wrap is $6 and the price of a glass of Bubble Tea is $3. Table 10-1 shows his total utility from different quantities of the two items. What is Keegan’s optimal consumption bundle?