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answer me quickly A household receives an income of 1000 and consumes only two goods: Fanta and hamburgers. The price of one hamburger (good x1)

answer me quickly

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A household receives an income of 1000 and consumes only two goods: Fanta and hamburgers. The price of one hamburger (good x1) is 8 (=2 and the price of a bottle of Fanta (good x2) is 4 (E. (A) Derive the equation of the budget line and calculate how many bottles of Fanta the household can buy when it already bought 50 hamburgers. (7 Points) (B) Suppose the price for a bottle of Fanta drops to 2 . Draw a graphic and represent in this graphic how the budget line changes as a result of the price reduction (without indifference curves). (7 Points) (C) Suppose the utility function of the household is given by U(x1,x2] = 2 * x15\"5 * x205. Calculate the amount of Fanta bottles that the household consumes at the household optimum after the price reduction from (B), i.e. when the price of a hamburger is (=2 8 and the price of a bottle of Fanta is 2. (16 Points)

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