(Answered) Question pam has made her best affordable choice of cookies

Economics

Question: Pam has made her best affordable choice of cookies and granola bars. She spends all of her weekly income on 30 cookies at $1 each and 5 granola bars at $2 each. Next week, she expects the price of a cookie to fall to 50¢ and the price of a granola bar to rise to $5.

a. Will Pam be able to buy and want to buy 30 cookies and 5 granola bars next week?

b. Which situation does Pam prefer: cookies at $1 and granola bars at $2, or cookies at 50¢ and granola bars at $5?

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