(a) To draw the budget lines of Mr. J in three different scenarios.

Question

A consumer sets themselves a weekly budget of $15 for vegetables. They only eat carrots and peas. Peas cost $1.50 per pound and carrots cost $1.00 per pound. 2. Draw a budget line for the consumer showing his possible weekly consumption of peas and carrots. Label both axes with numbers and an axis title. Add a second line that shows what happens when carrots go on sale for $0.75 per pound. Upload your diagram. Please give typed answer ASAP with proper explanation of it. Will give you thumbs up only for the correct answer. Thank you .

Answer 1

Question

Chapter 5.A, Problem 1TY

To determine

(a)

To draw the budget lines of Mr. J in three different scenarios.

To determine

(b)

To draw the budget lines of Mr. J in three different scenarios.

To determine

(c)

To draw the budget lines of Mr. J in three different scenarios.

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