1.The Consumers Budget Lines: Suppose you won $36 on a Lotto Canada ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts.The price of candy bars is $3.00 and the price of peanuts is $6.00. 8 Marks Total

a.Calculate 6 combinations of candies and peanuts you may purchase with $36 and Construct a table as shown below showing the alternative combinations of the two products that are available, i.e. the trade-offs. Check to make sure you send the $36 in each combination. 6 Marks

Consumption Table: Calculate 6 Alternative combinations. Plot these combinations.

Goods

A

B

C

D

E

F

Candy bars "Y" axis(Vertical)

0

Bags of peanuts "X" Axis (Horizontal)

0

What is the opportunity cost to get one more bag of peanuts?