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@ See page 74 02 Question (5 points) Hugo carefully divides his spending into things he needs and things he wants, and he hasPart 2 (1 point) See Hint For the graphing question below, read all of the steps before completing the graph. Hugo is also in

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Part 1 a) Houn much utility did he receive from his consumption? utility (4,4) = 45x+4 = 454 +4= 8+ if consume zeo want ie y=a wants 29,12) 190 I (150) needs. optimal consumption - Owants and 15 needo gives onaximum utility Utors (15,0) = 4815 +0 = 1

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