Question: Homework No 3 1- Given the table below, draw the indifference curve and find the slope between point B and C. Combinations Quantity of good

Homework No 3 1- Given the table below, draw the indifference

Homework No 3 1- Given the table below, draw the indifference curve and find the slope between point B and C. Combinations Quantity of good Y Quantity of good X 1 A 40 B 2 34 3 30 D 4 27 E 5 25 2- Suppose that Omer's income is OR 4800. His demand for books (good X) and shoos (good Y) depends upon the prices for these two goods, if the price of one unit of book (good X) is OR 40 and the price of one unit of shoos (good Y) is OR 20. a) Draw the budget line for Omar (show your work) b) Find the slope of this budget line. Homework No 3 1- Given the table below, draw the indifference curve and find the slope between point B and C. Combinations Quantity of good Y Quantity of good X 1 A 40 B 2 34 3 30 D 4 27 E 5 25 2- Suppose that Omer's income is OR 4800. His demand for books (good X) and shoos (good Y) depends upon the prices for these two goods, if the price of one unit of book (good X) is OR 40 and the price of one unit of shoos (good Y) is OR 20. a) Draw the budget line for Omar (show your work) b) Find the slope of this budget line

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