Question 8: Suppose that Andre Agassi spends his entire income of $8 on razors and toy tennis rackets. The price of a razor is $2 and the price of a tennis racket is $4. The marginal utility of each good is independent of the amount consumed of the other good. Andre's Marginal Utility Quantity 1 2 3 4 Razors 20 18 16 8 Marginal Utility Rackets 32 20 2226 36 16 a) If Andre is maximizing his utility. How many units of each good should be purchase? b) If Andre's income rises to $24, how many units of each good should be purchase? c) Using the information above, calculate Andre's income elasticity of demand for razors.