Question: this a Econ question from my graduate program. arks Window Help OKB/S OKBJ'S courseworks2.columbia.edu Zoom Class Sessions Quiz: Quiz 1 U8213 Recitation 1 (Ariana) -
this a Econ question from my graduate program.



arks Window Help OKB/S OKBJ'S courseworks2.columbia.edu Zoom Class Sessions Quiz: Quiz 1 U8213 Recitation 1 (Ariana) - Sat 12:... 1: Budget Constraint a D Question 1 1 pts Suppose that in January 2020 Mary had $50 to spend on hygienic masks and other goods every day. Suppose that, at that time, the price of one mask for $.25 (25 cents) and the price of one unit of other goods was $1. Which of the following three graphs represents Mary's budget constraint? Assume that masks and other goods are illustrated, respectively, on the horizontal and vertical axis. 50 200 50 X WD Question 8 1 pts Suppose that because of the scarsity of masks, the government introduces a consumption quota by making it illegal to purchase more than 2 masks per day. Suppose that, under these circumstances, Mary purchases 2 masks per day. However, if there were no consumption quota, she would purchase more than 2 masks per day. Which graph below represents Mary's optimal choice? The dashed line shows the budget line . without the consumption quota. 49.5 2ks Window Help courseworks2.columbia.edu C Zoom Class Sessions Quiz: Quiz 1 U8213 Recitation 1 (Ariana) - Sat 12:... 1: Budge 49.5 2 49.5 The first graph The second graph The third graph
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