Question: 4 ( a ) Find the equation for budget line ( BL 1 ) when the price of food is $ 9 . 4 (

4(a) Find the equation for budget line (BL1) when the price of food is $9.
4(b) Find the initial consumption bundle A when the price of food is $9.
4(c) Find Jennifers utility (U1) at consumption bundle A.
4(d) Find the equation for budget line (BL2) when the price of food is $4.
4(e) Find the consumption bundle C when the price of food is $4. Find Jennifers utility (U2) at consumption bundle C.
4(f) Find the equation for budget line (BLd) when the price of food is $4 and income is (Id).
4(g) Find the consumption bundle B using budget line (BLd) and U1= FC
7(h) Find the income and substitution effects and show that
Price Effect (PE)= Income Effect (IE)+ Substitution Effect (SE)[35 Points] Jennifer buys two goods, food (F) and clothing (C), with the utility function U(F,C)=FC. Assume initially
that she has an income of $72, the price of clothing is PC=$1 per unit, and the price of food is initially PF1=$9 per
unit and that the price subsequently falls to PF2=$4 per unit. Use this information and the accompanying graph to
answer the following questions.
 4(a) Find the equation for budget line (BL1) when the price

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