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This Question: 1 pt This Question: 1 pt < 4 of 10 (0 complete) This Quiz: Barbara has an annual budget of $1000 with which
This Question: 1 pt < 4 of 10 (0 complete) This Quiz: Barbara has an annual budget of $1000 with which to spend on the opera and golf. Tickets to the opera cost $50 each, and a round of golf costs $50. $ Barbara's budget line is illustrated in the figure to the right, along with her satisfaction-maximizing bundle (bundle A) and the indifference curve that represents bundle A's level of satisfaction. .8 Now suppose the golf course becomes private, whereby it charges its members a $300 annual fee to play golf, which then costs $20.00 per round. Using the line drawing tool, graph the new budget line. Assume in your calculations that Barbara pays the annual golf fee. Label this line L2. Opera (tickets per year) . Carefully follow the instructions above, and only draw the required object. this change beneficial for Barbara? . A 0 4 8 32 36 40 12 16 20 24 28 Golf (rounds per year) Click the graph, choose a
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