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Posted: **Thu May 19, 2022 7:22 am**

: Question 06 You Are Purchasing And Consuming Beets Measured In Pounds And Cabbages Also Measured In Pounds Your Bud 1 (55.43 KiB) Viewed 46 times

: Question 06 You Are Purchasing And Consuming Beets Measured In Pounds And Cabbages Also Measured In Pounds Your Bud 2 (37.61 KiB) Viewed 46 times

: Question 06 You Are Purchasing And Consuming Beets Measured In Pounds And Cabbages Also Measured In Pounds Your Bud 3 (42.9 KiB) Viewed 46 times

: Question 06 You Are Purchasing And Consuming Beets Measured In Pounds And Cabbages Also Measured In Pounds Your Bud 4 (42.9 KiB) Viewed 46 times

: Question 06 You Are Purchasing And Consuming Beets Measured In Pounds And Cabbages Also Measured In Pounds Your Bud 5 (29.95 KiB) Viewed 46 times

Question 06 You are purchasing and consuming beets (measured in pounds) and cabbages (also measured in pounds). Your budget is $70. The price of cabbages is $2/ 1P - $2) and the initial price of Dieets is $2.80/b, {P... = $2.80). then it increases to $3.500 (P = $350and then finally to $7b (P = $7). With this data and using the graph below, identify the utility maximizing points that exactly satisfy the budget and put them into the title below. To do this you will need to use a sharp pencil and straight-edge and be very careful in drawing. If you are not careful with your identification of the utility-maximizing points and how you determined them you will not get credit budget 170 Price Combinations Utility-Maximizing Amount of Utility-Maximizing Amount of Beets (lbs) Cabbage (bs) 1373 Pe = $2.00, P.. - $2,80 Pc = $2.00; P = $3.50 Pe = $2.00; P = $7.00 L. TO 70: (2.000)-(2.006) 70:25 Exist QC351 Y> 7:35:47 70 3.50 : 2 2 2 354 7 7 10 쭉
Question Q7 Using the total expenditure equation (not the budget line equation), show that all three points from Problem 06 exactly satisfy the budget. Question 08 Using the relevant part of the results from Problems 26 and 27. draw the demand curve. Make sure to write the coordinates next to the points and identify the good at the top of the graph. If you do not write the coordinates, you may not get credit for the problem. Demand for come
Question 06 You are purchasing and consuming beets (ieke in pounds and cabbages (aho need in pounds) Your budget is $70. The price of cabbages is 21 P52) and the intal price of beets is $2.2016. P. $2.80), then it increases to $3.500 $350) and then finally to $75 (P... $7). With this data and using the graph below.dently the utility-maximizing points that exactly satisty the budget and put them into the table below. To do this you wil need to use a sharp pencil and straight-edge and be very careful in drawing. If you are not careful with your identification of the utility maximizing points and how you determined them you will not get credit budget 170 1 Price Combinations Utility Maximizing Amount of Usity-Maximizing Amount of Beets(s) Cabbage (lbs) 17 P = $2.00, P... - $2.80 P = $2.00: P $3.50 P. = 52.00; P - $7.00 70-(1.002) (2000) 70 25xi QC3510 20:35:43 2:35-4.4 7:10 110 70 3.50 LO
Question Q7 Using the total expenditure equation (not the budget line equation), show that all three points from Problem 06 exactly satisfy the budget Question 08 Using the relevant part of the results from Problems Q6 and 07 draw the demand curve. Make sure to write the coordinates next to the points and dentify the good at the top of the graph. If you do not write the coordinates you may not get credit for the problem.