Question 2: Tom has preferences over green eggs, g, and ham, h, that can be described by u(g,h) = g+ h. Sketch the following curves (where pertinent, put g on the horizontal axis and h on the vertical axis): (1) Tom's price consumption curve as the price of green eggs p, changes. (2) Tom's demand curve for green eggs. (3) Tom's income consumption curve, assuming Ph > Pg.

Q: 4. Tom’s Engel curve for ham and Tom’s Engel curve for green eggs, again assuming ph > pg. Please…

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A: *SOLUTION :-  * (3)

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A:

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A: Answer: Given, Utility function: U=x0.25y0.75 Income M=£100Price of good xPx=£5Price of good yPy=£10…

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A: ANSWER A and B part

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A: Since we answer a maximum of 3 subparts, a-c will be answered here. Please reupload the question…