Tom spends all his weekly income on two goods, apples and bananas. His utility function is given by U (A, B) = A0.5 p0.5, where A and B stand for the quantity of apples and bananas consumed by Tom. Answer all questions on this page based on the above information.

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Q: Part 4 and 5 of the question please.

A:

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A: Dear learner you have posted a question with multiple sub parts, as per our policy we have solved…