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3. Kyle eats two types of fruits bananas and apples. He has a budget of $50 to spend on fruits per month. The price of

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3. Kyle eats two types of fruits bananas and apples. He has a budget of $50 to spend on fruits per month. The price of bananas is $5 and that of apples is $10 per bag. With this information, answer the questions below. (40 points) a. Graph Kyle's budget line by plotting bananas on the horizontal axis and nd the slope of his budget line. (10pts) b. Write down the budget equation for Kyle's consumption of fruits (bananas on the horizontal axis). (10pts) c. Suppose the price of bananas has doubled. Show this effect graphically and calculate the slope of the new budget line (bananas on the horizontal axis). (10pts) d. Suppose Kyle now reduces the money spent on fruits to $40. Show this effect on a graph (bananas on the horizontal axis; price of bananas is $5 and price of apples is $10). (10pts)

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