Question: please show work and explain thank you! in the second file are the graphs needed to complete this question. See the word le Midterm2Q4. m{p,w}

please show work and explain thank you! in the second file are the graphs needed to complete this question.

please show work and explain thank you! in the second file arethe graphs needed to complete this question. See the word le Midterm2Q4.

See the word le Midterm2Q4. m{p,w} and y(p', w") are the consumption bundles of a. consumer on two budget lines AA' and 33' respectively. 309,10) is the initial bundle chosen when prices of two goods are represented by p = (phpg) and income is in. When prices changes to p\" = (131,133) and income changes to w', the bundle y(p', w\") is chosen. Based on this, answer the following: 1. Which of these gures violate the Weak Axiom of Revealed Preference (WARP)? 2. If you think they violate, then xing the position of :c(p,w) to where it is, on which segment will you place the consumption bundle y(p", w') such that WARP is satised? Hint: in each graph, there are four segments: A0, 0A\Question 4 WARP er * (1, W') ' good 1 -5 O hr

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