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Microeconomics, need help Consider Amy's preferences for chocolate and CD's. Using graph paper, plot Amy's consumption bundles as indicated in the following table. Plot

Microeconomics, need help

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Consider Amy's preferences for chocolate and CD's. Using graph paper, plot Amy's " consumption bundles" as indicated in the following table. Plot quantity of chocolate on the verucal axis and quantity of CDs on the horizontal axis. Bundle Chocolate Assume that Amy Is Indifferent between bundles c and i. She is also indifferent between bundles dog. and h, but all three are preferred to cori. Lastly, suppose that bundle e is Amy's favourite. On your graph, draw three indifference curves illustrating this information. Part 1: Based on your graph and the data in the table above, how would Amy rank bundles e, f, and g (rank from highest preference to lowest preference)? O Army prefers al three bundles equally Assume Amy has a monthly allowance of 180 that she divides between purchases of chocolate and CDS. CDs cost 20 and chocolate costs 20. Using the table, compute the total expenditure for all the bundles. Answer the following. Part 2: Given the budget cot many of the bundles can Amy afford? (tell answer ] NOT one) | Number Part 3: Can Amy afford bundle a? (Answer 1 or 2: yes- 1; no-2) | 2 Part 4: Can Amy afford bundle de (Answer 1 ( 1 or 2: yes-1; Do-2) 2 Part as Can Amy afford bundle se yes -1 : no-2) 1 Part of Can Amy afford bundle IP ( Answer 1 or 21 yes - 1: no-25 1 Calculate the intercepts for the budget line. Part ?:|What is the value of py on the vertical axis (chocolate)? |9 Part a: What is the value of the horizontal intercept (CDS) |Number Part 9: What is the slope of the budget line? (do not include a "-" sign) Number Part 10. Given Amy's budget constraint, which bundle would she choose if she were to maximize ber utility? 090900900

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