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Please help me solve the following questions in the picture. % EXERCISES 1. Monifa plans to spend her income on concert tickets and movie tickets.

Please help me solve the following questions in the picture.

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% EXERCISES 1. Monifa plans to spend her income on concert tickets and movie tickets. Suppose that she ha; an income of $100. The price of a concert ticket is $20, and the price of a movie ticket is 10. I ' a. Draw, and carefully label, a budget line diagram illustrating the consumption combina- tions that she can afford. Can she afford 6 movie tickets and 1 concert ticket? Label this point on your graph. Can she afford 2 movie tickets and 6 concert tickets? Label this point on your graph. Can she afford 4 movie tickets and 3 concerttickets? Label this point on your graph. e. Which of the combinations mentioned just uses up all her income? 9-9:: 2. Continuing from the previous exercise, suppose that Monifa's income rises to.$120. Add her new budget line to the previous graph. 3. Next, suppose that Monifa's income stays at $100, but the price of concert tickets drops 6. from $20 to $12.50 each. a. Draw and carefully label both her original and her new budget lines. b. Can she afford 2 movie tickets and 6 concert tickets after the price drop? Various U.S. government agencies, among them the Food and Drug Administration (FDA) and the Environmental Protection Agency (EPA), include \"consumer protection" as one of their goals.The FDA, for exampie, decides whether drugs that pharmaceutical companies want to sell are safe and effective, and the EPA decides whether particular pesticides are safe for consumer use. Some people believe that such government oversight unnecessarily interferes with companies" freedOm to sell their goods and with consumers' freedom to buy what they want. Indicate how you think each of the following individuals would evaluate con- sumer protection policies, in general. a. someone 'who believes strongly'in consumer sovereignty b. Someone who betieves strongly that consumers make rational choices c. Someone who believes that consumers sometimes have less than perfect information about what they are buying d. One who believes that consumers can be overly inuenced by marketing campaigns Match each concept in Column A with an example in Column B

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