Clara’s utility function is U(X, Y ) = (X + 2)(Y + 1), where X is her consumption of good X and Y is her consumption of good Y . (a) Write an equation for Clara’s indifference curve that goes through the point (X, Y ) = (2, 8). Y = On the axes below, sketch Clara’s indifference curve for U = 36. Y 16 12 8 4 0 4 8 12 16 X (b) Suppose that the price of each good is 1 and that Clara has an income of 11. Draw in her budget line. Can Clara achieve a utility of 36 with this budget?

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; coefficient of correlation;

answer; only identify and interpret trends in the marketplace;

answer; manager working long hours; plz check i believe this is correct good luck;