Suppose Carmela’s income is $100 per week, which she allocates between sandwiches and books. Sandwiches cost $2 each. Books cost $10 each if she…

Suppose Carmela’s income is $100 per week, which she allocates between sandwiches and books. Sandwiches cost $2 each. Books cost $10 each if she purchases between 1 and 5 books. If she purchases more than 5 books in a week, the price falls to $5 for the 6th book and all subsequent books. Draw the budget constraint, carefully labeling the axes and every relevant point.(15 points) Is it possible that Carmela might have more than one utility-maximizing solution, i.e. that there is more than one bundle that maximizes her utility? (5 points)