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1. Jack buys only hot dogs and buns. (a) Jack earns $100, hot dogs cost $4 per package, and buns cost $2 per package.

1. Jack buys only hot dogs and buns. (a) Jack earns $100, hot dogs cost $4 per package, and buns cost $2 per package. Draw Jack's budget constraint. (b) Suppose Jack receives a 10% raise. Draw his budget constraint.

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