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Question 3 [1t]I points] Cappuccinos, C cost $3 each, and compact disks, CD cost $8 each. Income is $48. a) Draw the budget line, note

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Question 3 [1t]I points] Cappuccinos, C cost $3 each, and compact disks, CD cost $8 each. Income is $48. a) Draw the budget line, note that cappuccinos are on the horizontal axis. ' Budget Line 3 (n E 13' m D. E 8 h. Cappuccinos b) What is the slope of the budget line in (a)? (Make sure your answer is accurate to two decimal places) Slope = 0 c) If the price of cappuccinos rises to $6, draw this line on the graph above (select the drop-down at the top of the graph and select "New Budget Line" to draw this line). What is the slope of this new budget line? (Make sure your answer is accurate to two decimal places) Slope = 0 d) At the initial set of prices, are the following combinations of goods in the feasible set: (3C and 3CD), (6C

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