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Can someone help me with Questions 1-3 please Question No.1 (15 points) Compare and contrast budget lines and production possibility frontiers learned earlier in this

Can someone help me with Questions 1-3 please

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Question No.1 (15 points) Compare and contrast budget lines and production possibility frontiers learned earlier in this class. Do you find any similarities or differences? Question No.2 (15 points) You have a weekend budget of $27 and the prices of movie tickets and gallons of gasoline are $9 and $3, respectively. Draw the budget line for this situation. Gas goes on sale this weekend and changes to $2 per gallon while the price of a movie ticket stays the same. Draw this new budget line on the same graph as the original scenario. Question No.3 (15 points) Use this information to answer I and II. Remember that you would have to create a new column of Marginal Utility for each product in order to make your calculations (hint: apply the definition of marginal utility, ask yourself how does total utility changes as we consume one unit of the good?): Bottled Water Bags of Chips Quantity Total Utility Quantity Total Utility 0 40 60 70 2 90 90 3 105 100 114 15 106 120

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