Problem
Cori eats eggs and toast for breakfast and insists on having three pieces of toast for every two eggs she eats. What is her utility function? If the price of eggs increases but we compensate Cori to make her just as "happy" as she was before the price change, what happens to her consumption of eggs? Draw a graph and explain your diagram. Does the change in her consumption reflect a substitution or an income effect?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.