Problem: Cans of dog food (cans per week) 20 16 4 0 4 8 12 16 20 24 Cans of cat food (cans per week) Fill in the following blanks and write your justifications: 1) The figure above shows Ilene's budget line. The price of a can of cat food is $2. llene's income per week is 2) The figure above shows Ilene's budget line. The price of a can of cat food is $2. The price of a can of dog food is 3) The figure above shows Ilene's budget line. If her dog, Muffin, runs away and she adopts another cat, named Sphynx, the budget line shown in the figure will 4) The figure above shows llene's budget line. The price of a can of cat food is $2. If the price of a can of cat food rises, her budget line will 5) The figure above shows Ilene's budget line. If the price of a can of cat food rises, her budget line rotates so that the vertical intercept and horizontal intercept is 6) The figure above shows Ilene's budget line. If Ilene's income rises, her budget line will

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Problem:
Cans of dog food (cans per week)
20
0
4
8
12 16 20 24
Cans of cat food (cans per week)
Fill in the following blanks and write your justifications:
1) The figure above shows Ilene's budget line. The price of a can of cat food is $2. Ilene's income
per week is
2) The figure above shows Ilene's budget line. The price of a can of cat food is $2. The price of a
can of dog food is
3) The figure above shows Ilene's budget line. If her dog, Muffin, runs away and she adopts
another cat, named Sphynx, the budget line shown in the figure will_
4) The figure above shows Ilene's budget line. The price of a can of cat food is $2. If the price of
a can of cat food rises, her budget line will
5) The figure above shows Ilene's budget line. If the price of a can of cat food rises, her budget
line rotates so that the vertical intercept
and horizontal intercept is
6) The figure above shows Ilene's budget line. If Ilene's income rises, her budget line will
Transcribed Image Text:Problem: Cans of dog food (cans per week) 20 0 4 8 12 16 20 24 Cans of cat food (cans per week) Fill in the following blanks and write your justifications: 1) The figure above shows Ilene's budget line. The price of a can of cat food is $2. Ilene's income per week is 2) The figure above shows Ilene's budget line. The price of a can of cat food is $2. The price of a can of dog food is 3) The figure above shows Ilene's budget line. If her dog, Muffin, runs away and she adopts another cat, named Sphynx, the budget line shown in the figure will_ 4) The figure above shows Ilene's budget line. The price of a can of cat food is $2. If the price of a can of cat food rises, her budget line will 5) The figure above shows Ilene's budget line. If the price of a can of cat food rises, her budget line rotates so that the vertical intercept and horizontal intercept is 6) The figure above shows Ilene's budget line. If Ilene's income rises, her budget line will
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