Gorgeousleny purchased a combination of 15 breads and 5 juices with her income of P150 and price of bread is P6 and price of juice is P12.  She proudly showed this to her mom, and to her dismay her mom said that she likes more juices than bread since its summer season.  While on her way home she lost the receipt, but fortunately she can still receive store credit based from the total value of products.  While approaching the customer service representative , she thought of this what if she  sticks with her original plan of buying bread alone with no juice and vice versa.  At the moment all juices in the  store is 50% off.  Draw the graph showing the budget constraints arise from endowments. 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?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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2.  Gorgeousleny purchased a combination of 15 breads and 5 juices with her income of P150 and price of bread is P6 and price of juice is P12.  She proudly showed this to her mom, and to her dismay her mom said that she likes more juices than bread since its summer season.  While on her way home she lost the receipt, but fortunately she can still receive store credit based from the total value of products.  While approaching the customer service representative , she thought of this what if she  sticks with her original plan of buying bread alone with no juice and vice versa.  At the moment all juices in the  store is 50% off.  Draw the graph showing the budget constraints arise from endowments.

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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