Question
Tabithahad to travel 1500 miles from Istanbul to Paris. She had only $200 with which to buy first-class and second-class tickets on the Orient Express.
Tabithahad to travel 1500 miles from Istanbul to Paris. She had only $200 with which to buy first-class and second-class tickets on the Orient Express. The price of first-class tickets was $.20 per mile and the price of second-class tickets was $.10 per mile. She bought tickets that enabled her to travel all the way to Paris with as many miles of first class as she could afford.After she boarded the train, she discovered to her amazement that the price of second-class tickets had fallen to $.05 per mile while the price of first-class tickets remained at $.20 per mile. She also discovered that on the train it was possible to buy or sell first-class tickets for $.20 per mile and to buy or sell second-class tickets for $.05 per mile.Tabithahad no money left to buy either kind of ticket, but she did have the tickets that she had already bought.1st attemptPart 1(9.5points)On the graph below, show the combinations of tickets that she could afford at the old prices by drawing her budget line using the line tool. Then, use the line tool again to show the combinations of tickets that would take her exactly 1500 miles. Finally, use the point tool to mark the bundle that she chose with the old prices..Part 2(9.5points)On the graph below, draw a line using the line tool to show all the combinations of first-class and second-class travel thatTabithacan afford when she is on the train, by trading her endowment of tickets at the new prices that apply on board the train. Then, use the line tool again to show the combinations of tickets that would take her exactly 1500 miles. Finally, use the point tool to mark the bundle that she chooses with the new prices, given that she still wants to travel as much as she can with first-class miles.
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