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Question-2 You were given $15 money income to spend all of it on cookies and ice creams. A cookie costs $0.75 each while a cone

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Question-2 You were given $15 money income to spend all of it on cookies and ice creams. A cookie costs $0.75 each while a cone of ice cream costs $1.50 each

image text in transcribed
Question-2 You were given $15 money income to spend all of it on cookies and ice creams. A cookie costs $0.75 each while a cone of ice cream costs $1.50 each (40 Points). Consumption Alternatives Goods A B C D E F + Cookie 0 4 8 12 16 20 Ice Cream 10 8 6 4 2 0 + a) Use the data in the above table to plot a budget line in the graph with cookies on the horizontal axis. b) What is the slope of the budget line? (10 Points) c) What is the opportunity cost of one more cookie and one more cone of ice cream? (10 Points) d) Do these opportunity costs rise, fall, or remain constant as each additional unit of the product is purchased? (10 Points)

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