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3. Ricardo consumes two goods, apples and hot dogs. Draw his budget line for each of the following cases: a. Price of apples = $1,
3. Ricardo consumes two goods, apples and hot dogs. Draw his budget line for each of the following cases: a. Price of apples = $1, price of hot dogs = $2, income = $10. b. Price of apples 2 $2, price of hot dogs : $2, income : $10. c. Price of apples 2 $2, price of hot dogs 2 $2, income = $18. d. Price of apples 2 $1, price of hot clogs = $2, income 2 $20. a. Price of apples 2 $2, price of hot dogs = $4, income = $20; compare to part a
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