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Jake has an income of $500 per month. He has recently adopted a dog, Wellington, from the North Shore Animal Shelter. Wellington is a friendly

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Jake has an income of $500 per month. He has recently adopted a dog, Wellington, from the North Shore Animal Shelter. Wellington is a friendly dog, but he can't seem to break his habit of jumping on people. Hoping it will help, every month Jake buys 4 obedience lessons for Wellington at a price of $25 per lesson. Based on an exam question. A. Draw the tradeoff that Jake faces between obedience lessons and other goods in the graph below. Mark the bundle that corresponds with Jake's choice of 4 lessons. See attached graph for Jake's budget constraint and his consumption bundle in purple. lessons for Wellington at a price of $25 per lesson. Based on an exam question. A. Draw the tradeoff that Jake faces between obedience lessons and other goods in the graph below. Mark the bundle that corresponds with Jake's choice of 4 lessons. other poda $ 600 550 500 450 Jake's 400 Choice F 30 300 250 200 150 100 50 0 0 1 2 3 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 number of lessons B. After receiving a major donation from a philanthropist who wants to encourage more obedience lessons for adopted dogs, the shelter decides to give a $75 cash grant each month to all new and recent dog adopters, including Jake. Draw Jake's new budget constraint on the graph. If most adopters are similar to Jake, is this policy effective from the philanthropist's point of view, given her goals? Explain using economic analysis

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