Food Stamp Program a. We have two goods; x1 indicating foods and x2 indicating non-food items. Consider the following six Food Stamp programs designed for six types of family based on their daily incom For each of the Food Stamp programs, if the maximum no. of food stamp is 50, draw the origin budget line (before Food Stamp program is introduced) and the budget line after the implementation of Food Stamp program. Program No. Daily Income (Tk.) Food Stamp price Market price of alloted foods 1 0 - 5000 Tk. 0 Tk. 200 2 5001 - 10000 Tk. 20 Tk. 200 3 10001 - 15000 Tk. 50 Tk. 200 4 15000 - 20000 Tk. 100 Tk. 200 5 20000 - 25000 Tk. 150 Tk. 200 25000 + Tk. 200 Tk. 200
Food Stamp Program a. We have two goods; x1 indicating foods and x2 indicating non-food items. Consider the following six Food Stamp programs designed for six types of family based on their daily incom For each of the Food Stamp programs, if the maximum no. of food stamp is 50, draw the origin budget line (before Food Stamp program is introduced) and the budget line after the implementation of Food Stamp program. Program No. Daily Income (Tk.) Food Stamp price Market price of alloted foods 1 0 - 5000 Tk. 0 Tk. 200 2 5001 - 10000 Tk. 20 Tk. 200 3 10001 - 15000 Tk. 50 Tk. 200 4 15000 - 20000 Tk. 100 Tk. 200 5 20000 - 25000 Tk. 150 Tk. 200 25000 + Tk. 200 Tk. 200
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Food Stamp Program
a. We have two goods; x1 indicating foods and x2 indicating non-food items. Consider the
following six Food Stamp programs designed for six types of family based on their daily income.
For each of the Food Stamp programs, if the maximum no. of food stamp is 50, draw the original
budget line (before Food Stamp program is introduced) and the budget line after the
implementation of Food Stamp program.
Program No. Daily Income (Tk.)
Food Stamp price
Market price of alloted foods
1
0 - 5000
Tk. 0
Tk. 200
2
5001 - 10000
Tk. 20
Tk. 200
10001 - 15000
Tk. 50
Tk. 200
4
15000 - 20000
Tk. 100
Tk. 200
5
20000 - 25000
Tk. 150
Tk. 200
25000 +
Tk. 200
Tk. 200
3.
6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd0e92179-26b3-4606-b7fd-ceecbd252206%2F9ce09ac5-22d3-47a4-a873-a561aeffce50%2Frmd7qn_processed.png&w=3840&q=75)
Transcribed Image Text:Food Stamp Program
a. We have two goods; x1 indicating foods and x2 indicating non-food items. Consider the
following six Food Stamp programs designed for six types of family based on their daily income.
For each of the Food Stamp programs, if the maximum no. of food stamp is 50, draw the original
budget line (before Food Stamp program is introduced) and the budget line after the
implementation of Food Stamp program.
Program No. Daily Income (Tk.)
Food Stamp price
Market price of alloted foods
1
0 - 5000
Tk. 0
Tk. 200
2
5001 - 10000
Tk. 20
Tk. 200
10001 - 15000
Tk. 50
Tk. 200
4
15000 - 20000
Tk. 100
Tk. 200
5
20000 - 25000
Tk. 150
Tk. 200
25000 +
Tk. 200
Tk. 200
3.
6
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