1. Gorgeousleny with an income of P150 would like to buy two goods. Let us say juice and bread. Price of juice is P12 and price of bread is P6. If gorgeousleny will buy the ist 5 juices she is entitled to a 50% off. Draw the graph. After a week gorgeousleny went back to the store and will still buy her two favorite goods with the same income of P150 and price of bread and juice is constant. but this time the promo of 50% off is applied after the ist 5 juices. Draw the graph. . a. ) Measure the qty. of bread on the vertical axis and the qty. of juice on the horizontal axis. Label both graph with its corresponding points, pt. A for bread and point B for juice. the combination of bread and juice label it as point C. b.) For both graph, What is the slope from point C to point B?; What is the slope from from point A to point C?
1. Gorgeousleny with an income of P150 would like to buy two goods. Let us say juice and bread. Price of juice is P12 and price of bread is P6. If gorgeousleny will buy the ist 5 juices she is entitled to a 50% off. Draw the graph. After a week gorgeousleny went back to the store and will still buy her two favorite goods with the same income of P150 and price of bread and juice is constant. but this time the promo of 50% off is applied after the ist 5 juices. Draw the graph. . a. ) Measure the qty. of bread on the vertical axis and the qty. of juice on the horizontal axis. Label both graph with its corresponding points, pt. A for bread and point B for juice. the combination of bread and juice label it as point C. b.) For both graph, What is the slope from point C to point B?; What is the slope from from point A to point C?
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 3CQQ
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Transcribed Image Text:1. Gorgeousleny with an income of P150 would like to buy two goods. Let us say juice and bread.
Price of juice is P12 and price of bread is P6. If gorgeousleny will buy the ist 5 juices she is entitled to
a 50% off. Draw the graph.
After a week gorgeousleny went back to the store and will still buy her two favorite goods with the
same income of P150 and price of bread and juice is constant. but this time the promo of 50% off is
applied after the ist 5 juices. Draw the graph. .
a. ) Measure the qty. of bread on the vertical axis and the qty. of juice on the horizontal axis. Label
both graph with its corresponding points, pt. A for bread and point B for juice. the combination of
bread and juice label it as point C.
b.) For both graph, What is the slope from point C to point B?; What is the slope from from point A to
point C?
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