For the following assume that the world has only two goods: apples (y) and bananas (x)....

 

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For the following assume that the world has only two goods: apples (y) and bananas (x). Apples cost $5 and bananas $10. Suppose Mesut has $220. a.) Draw his budget constraint b.) Recently, Mesut changed employer. Due to that, he lost $50. Draw Mesut's new budget constraint. c.) Additionally, Mesut moved to a more expensive city where apples cost $10 instead of $5. Draw Mesut's new budget constraint. For the following assume that the world has only two goods: apples (y) and bananas (x). Apples cost $5 and bananas $10. Suppose Mesut has $220. a.) Draw his budget constraint b.) Recently, Mesut changed employer. Due to that, he lost $50. Draw Mesut's new budget constraint. c.) Additionally, Mesut moved to a more expensive city where apples cost $10 instead of $5. Draw Mesut's new budget constraint.