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11 12 13 14 15 6. Consider the budget line and indifference curve in Figure 2. At the best affordable point, the marginal rate of

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11 12 13 14 15 6. Consider the budget line and indifference curve in Figure 2. At the best affordable point, the marginal rate of substitution is ANSWER: PUL Huly 1 Heading 2 Title Subtitle Paragraph Styles 7.8.19.1 10.11.1 12 13 14 15 16 1 2. 34.56 7. Measurement of Food Security is defined as the Household Income (based on household disposable income for food (HDIF)) should be less than the least cost for a nutritionally adequate and preferred diet (NAPLCD). a. Calculate the food insecurity head count, poverty gap index, and squared poverty gap using data in the table below; where NAPLCD (2) is assumed to be $100. FGT. *): 5 Individuals 1 Income 97 2 400 3 79 4 320 6 88 7 217 8 50 9 33 10 10 150 ANSWER: b. Interpret the three numbers you calculated in (a)

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