Consider Amy's preferences for chocolate and CD's. Using graph paper, plot Amy's " consumption bundles" as indicated in the following table. Plot quantityr of chocolate on the vertical axis and quantity of CDs on the horizontal axis. Bundle Chocolate CDs H'J'a H10 an FBI cmmaammuw mmawnmmmc Assume that Amy is indifferent between bundles c and i. She is also indifferent between bundles d: g: and h, but all three are preferred to c or i. Lastly: suppose that bundle e is Amy's favourite. On your graph: draw three indifference curves illustrating this information. Part 1: Based onyour graph and the data in the table above, how would Amy rank bundles e, f: and g (rank from highest preference to lowest preference)? 0 e.g.f 0 g.f,e 0 ten 0 em Assume Amy has a nzlorrthlj,r allowance of 120 that she divides between purchases of chocolate and CDs. CD5 cost 15 and chocolate costs 20. Using the table= compute the total expenditure for all the bundles. Answer the following: Part 2: Given the budget constraint, how mam,r ofthe bundles CBIIAITIY afford? (in, answer 1 NOT one) Number Part 3: Can Amy afford bundle a? (Answer 1 or 2: yes=l; no=2} I Number Assume Amy has a monthly allowance of 120 that she divides between purchases of chocolate and CDs. CDs cost 15 and chocolate costs 20. Using the table, compute the total expenditure for all the bundles. Answer the following: Part 2: Given the budget constraint, how many of the bundles can Amy afford? (ie., answer 1 NOT one) |2 Part 3: Can Amy afford bundle a? (Answer 1 or 2: yes=1; no=2) 2 Part 4: Can Amy afford bundle d? (Answer 1 or 2: yes=1; no=2) 2 Part 5: Can Amy afford bundle g? (Answer 1 or 2: yes=1; no=2) 1 Part 6: Can Amy afford bundle i? (Answer 1 or 2: yes=1; no=2) 2 Calculate the intercepts for the budget line. Part 7: What is the value of the intercept on the vertical axis (chocolate)? Number Part 8: What is the value of the horizontal intercept (CDs)? |Number Part 9: What is the slope of the budget line? (do not include a "-" sign) Number Part 10: Given Amy's budget constraint, which bundle would she choose if she were to maximize her utility? O a Ob O c O d O e Of h O