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For the next three questions consider the following scenario Marie h.pdf

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Marie has a weekly budget of $24 to spend on magazines costing $4 each and pies costing $12 each. Her budget constraint graph should show the maximum number of magazines and pies she can buy within her budget, representing her opportunity set.

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For the next three questions consider the following scenario: Marie has a weekly budget of $24 which she can spend on magazines and pies. Magazines cost $4 each and a pie is $12. Draw the budget constraint to represent Marie's budget and the prices of magazines and pies. Indicate the opportunity set on the graph. You may use the blank copy provided and fill in the blanks or draw your own from scratch. You may draw a digital version or you may do it by hand and scan/take a photo of your image and upload it here.

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For the next three questions consider the following scenario Marie h.pdf

  • 1. For the next three questions consider the following scenario: Marie has a weekly budget of $24 which she can spend on magazines and pies. Magazines cost $4 each and a pie is $12. Draw the budget constraint to represent Marie's budget and the prices of magazines and pies. Indicate the opportunity set on the graph. You may use the blank copy provided and fill in the blanks or draw your own from scratch. You may draw a digital version or you may do it by hand and scan/take a photo of your image and upload it here.