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Question: edmund consumes two commodities garbage and punk rock video cassettes...

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Edmund consumes two commodities, garbage and punk rock video cassettes. He doesnt eat garbage of course, but he gets paid for taking it away at $2 per 1 sack. Edmund can accept as much garbage as he wishes at that price. He has no other source of income. Video cassettes cost him $6 each. He has a utility function u(g, v) on garbage (g) and videos (v) which is decreasing in g and increasing in v (a) (10 pts) If Edmunds accepts 0 sacks of garbage, how many video cassettes can he buy? b) (10 pts) Write down Edmunds constrained optimization problem (c) (10 pts) Draw Edmunds budget line and shade his choice set

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