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Part 11: Answer both questions50 pts each. 0.3) Miley Cyrus, under the conditions of a court order, is required to enroll Summer session at Kardashian

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Part 11: Answer both questions50 pts each. 0.3) Miley Cyrus, under the conditions of a court order, is required to enroll Summer session at Kardashian College. She is granted $50 a week to spend: either on energy drinks at $2.50 each or on gasoline for her Bentley at $4.00 per gallon. a) Draw Miley's opportunity set. Label her feasible set. (Put gasoline on horizontal axis.) (Suggestion: Draw a sufciently large diagram as you will add more items to the same graph in subsequent parts.) b) In part a), what is the trade-off (opportunity cost) of energy drinks in terms of gasoline? c) In the graph for part a) above, now draw each new budget constraint she would face if: i) The price of energy drinks fell to $2, ceteris paribus; ii) The price of gasoline rose to $4.50 per gallon, ceteris paribus; d) In each case in part c), how does the trade-off (opportunity cost) of energy drinks in terms of gasoline change

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