economics questions

11. Arnie has a job that requires her to travel three out of every four weeks. She has an annual travel budget and can travel either by train or by plane. The airline on which she typically ies has a frequent- traveler program that reduces the cost of her tickets according to the number of miles she has own in a given year. When she reaches 25,000 miles, the airline will reduce the price of her tickets by 25 percent for the remainder of the year. When she reaches 50,000 miles, the airline will reduce the price by 50 percent for the remainder of the year. Graph Anne's budget line, with train miles on the vertical axis and plane miles on the horizontal axis. \f13. Antonio buys ve new college textbooks during his first year at school at a cost of $80 each. Used books cost only $50 each. When the bookstore announces that there will be a 10 percent increase in the price of new books and a 5 percent increase in the price of used books, Antonio's father offers him $40 extra. a. What happens to Antonio's budget line? Illustrate the change with new books on the vertical axis. b. Is Antonio worse or better off after the price change? Explain. 14. Consumers in Georgia pay twice as much for avocados as they do for peaches. However, avocados and peaches are the same price in California. Ifconsumers in both states maximize utility, will the marginal rate of substitution of peaches for avocados be the same for consumers in both states? If not, which will be higher? 15. Ben allocates his lunch budget between two goods, pizza and burritos. a. Illustrate Ben's optimal bundle on a graph with pizza on the horizontal axis. b. Suppose now that pizza is taxed, causing the price to increase by 20 percent. Iustrate Ben's new optimal bundle. c. Suppose instead that pizza is rationed at a quantity less than Ben's desired quantity. Illustrate Ben's new optimal bundle