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please label the graph with numbers. this is the full questions. please label the numbers on the graph. Antonio buys five new college textbooks during

please label the graph with numbers.
image text in transcribed
image text in transcribed
this is the full questions.
please label the numbers on the graph.
image text in transcribed
image text in transcribed
Antonio buys five new college textbooks during his first year at school at a cost of $80 each. Used books cost only $50 each. When the bookstore announces that there will be a 50 percent increase in the price of new books and a 33.33 percent increase in the price of used books, Antonio's father offers him $200 extra. What happens to Antonio's budget line? 1.) Using the line drawing tool, graph Antonio's original budget line. Label this line L. 2.) Using the line drawing tool, then graph Antonio's new budget line. Label this line Ly Carefully follow the instructions above, and only draw the required objects. New Books 10 8 7-1 6- 5- 4 3 1 0 (0.9) UHUILU his first year at school at a co will be a 50 percent increase onio's father offers him $200 12 11- New Books 10- Delete 9- original budget line. Label this mio's new budget line. Labelth db Clear B- 7. draw the required objects, 6 Selected: none 5- 4- 3 2- 5 1 US 7 00 0 1 2. 3 4 5 6 8 9 10 11 12 Used Books The price of DVDs (D) is $10.00 and the price of CDs (C) is $10.00. Phillip has a budget of $50.00 to spend on the two goods. Suppose that he has already bought 1 DVD and 1 CD. In addition, there are 3 more DVDs and 3 more CDs that he would really like to buy. 1.) Using the line drawing tool, given the above prices and income, draw his budget line in the figure. Label this line 'L'. 2.) Using the point drawing tool, and considering what Phillip has already purchased and what he still wants to purchase, identify the three different bundles of CDs and DVDs that he could choose. Label these points 'bundle 1', 'bundle 2', and 'bundle 3. (Assume that he cannot purchase fractional units) Carefully follow the instructions above, and only draw the required objects. 12- DVDs 10- 8- 6 4 2- 0- t 2 4 6 8 12 N 10 CDs

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