For lunch, wendy eats only salads or fruit & yogurt smoothies. her weekly food budget is $48. each salad costs $6 and each smoothie costs $3. when deciding how much of each good to buy, wendy knows that 4 salads and 8 smoothies will give her a utility of 8. she also knows that at this level, her marginal utility per dollar spent is the same for both items. what is wendy’s utility-maximizing point? 1 salad, 14 smoothies6 salads, 4 smoothies5 salads, 6 smoothies4 salads, 8 smoothies

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not