(Solved): Taylor Swift is attending the SuperBowl. During the game she consumes hot dogs and Cokes. The margin ...

Taylor Swift is attending the SuperBowl. During the game she consumes hot dogs and Cokes. The marginal utlity of the last consumed hot dog is 10 and the marginal utlity of the last consumed Coke is 12 . The prite of a hat dog is 510 and the price of a Cole is 54 . Let hot dogs be good

and let Coties be good

. Assume that Teylor's income is sulficient to make any marginal thanges to her cansumption. a. At her current level of consumption, what is Taylor's Marginal Rate ol Substitution? How would you interpret this number? (2 points) b. Based on marginal analsis, is Taylor making a ubility-maximiding choice? If not, what should Tayfor do to increase her stility? Explain wing marginal analys. (2 points)