Jonas has preferences defined by the utility functionU(a,b)=a^(2/3)+b^(2/3) where a= jars of peanut

Jonas has preferences defined by the utility functionU(a,b)=a^(2/3)+b^(2/3) where a= jars of peanut butter and b= jarsof jelly. Jonas has an income of $42 and jars of peanut butter and jellyare each $2. What is Jonas’s utlity maximizing consuption bundle?What proportion of jars that Jonas buys are peanut butter? What is his new utility-maximizing consumption bundle if theprice of a jar of peanut butter falls to $1? Now what proportion ofjars that he buys are peanut butter? . . .

 
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