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1] Consumer Theory.r [4 points] Nadia likes to go out on weekends and prefers to go to a movie or see live theater. Her fall
1] Consumer Theory.r [4 points] Nadia likes to go out on weekends and prefers to go to a movie or see live theater. Her fall budget constraint for these two activities is shown below. Nadja's favorite theater charges $15!) for general admission tickets; and movie tickets cost $15. 3. Based on the budget constraint and die plices Movie tickets listed above, what is Nadja's budget for weekend activities? 7"EI ED 50 b. If Nadia goes to El] movies this fall. how many theater tickets can she buy? 4'3 30 20 c. Suppose that due to an unexpected windfall at her night club,l~ladja is able to increase her 10 weekend budget to $90"). Draw Nadja's new budget constraint and label it BEE. [l 2 4 E: 8 11312141513211 If Nadia still goes to 2|] movies this fall, how . man}? theater tickets can she bu}...r after the Theater TICketS change in income? d. What will happen to Nadja's utilitjlr after her change in income? How do you know
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