1. Gorgeousleny with an income of P150 would like to buy two goods. Let us say juice...
Question:
1. Gorgeousleny with an income of P150 would like to buy two goods. Let us say juice and bread. Price of juice is P12 and price of bread is P6. If gorgeously will buy the ist 5 juices she is entitled to a 50% off. Draw the graph. After a week gorgeously went back to the store and will still buy her two favorite goods with the same income of P150 and the price of bread and juice is constant. but this time the promo of 50% off is applied after the list of 5 juices. Draw the graph. .
a. ) Measure the qty. of bread on the vertical axis and the qty. of juice on the horizontal axis. Label both graph with its corresponding points, pt. A for bread and point B for juice. the combination of bread and juice label it as point C.
b.) For both graph, What is the slope from point C to point B? ; What is the slope from point A to point C?
2. Gorgeousleny purchased a combination of 15 breads and 5 juices with her income of P150 and price of bread is P6 and price of juice is P12. She proudly showed this to her mom, and to her dismay her mom said that she likes more juices than bread since its summer season. While on her way home she lost the receipt, but fortunately she can still receive store credit based from the total value of products. While approaching the customer service representative , she thought of this what if she sticks with her original plan of buying bread alone with no juice and vice versa. At the moment all juices in the store is 50% off. Draw the graph showing the budget constraints arise from endowments.
a. ) Measure the qty. of bread on the vertical axis and the qty. of juice on the horizontal axis. Label both graph with its corresponding points, pt. A for bread and point B for juice. the combination of bread and juice label it as point C.
b.) For both graph, What is the slope from point C to point B? ; What is the slope from from point A to point C?
3. Gorgeousleny of course as a consumer have so many thing in mind to buy aside from juice. with her income of P150; price of bread is P6 and price of juice is P12. But for now she would like to add in her cart candies and price is P3.
a. Draw a three dimensional graph.
b. What is the opportunity cost of juice in terms of bread?
c. What is the opportunity cost of juice in terns of candy? d. What is the opportunity cost of bread in terms of candy?
