Jay likes to buy movies (x₁), and music (x₂) with their allowance. Suppose that movies cost $5 each and music downloads cost $2 each, and Jay has $30 to spend.

a) (1+3) Write down the equation of Jay's budget line. Draw budget line. Be sure to include axis labels, intercepts and slope of the budget line

b) (3) Suppose that additionally Jay's Mom offers to buy them 2 movies every month. Show how Jay's budget line with the transfer will look like.

c) (3) Taking data in part a, if Jay is able to buy the first 5 music downloads at regular price, all additional music are half price, draw Jay's new budget line.