8 1. Consumer theoryBudget (10) a. A consumer can choose between apples and bananas. The price of each banana is $2, while the price of each apple is $1. The consumers disposable income is $10. What is the maximum number of apples the consumer could purchase? What is the maximum number of bananas? (1+1) b. Graph the consumer's budget line! (2) c. What is the slope of the budget line? (1) d. What is the opportunity cost of consuming an apple? (How many bananas does the consumer need to give up to afford an apple?) (1) e. Assume the price of bananas increases to $5 because of a worldwide shortage. Illustrate how the budget line changes! (2) f. Following the increase in banana prices, the consumer receives a raise, making his new disposable income $20. Illustrate how the budget line changes! (2)