Use your knowledge of microeconomics to answer the questions
(Ch. 9) Nash's mom sent him out to pick up a few items to finish making dinner, but since he rode his bike, he can only buy half(3) of these items at the grocery store, which is cheaper. Whatever he doesn't buy at the grocery store, he will have to pick up at the convenience store next to their apartment. This table shows the prices of these items at both stores. Item Groce Store Price Convenience Store Price Canned Tomatoes $1.75 $2.20 Tomato Paste $0.55 Garlic $0.85 $1.15 Ground Beef $3.90 $4.80 Carrots $2.05 $2.20 Pasta $1.90 $2.05 If he's looking to spend the least amount of money, which items should he buy at the convenience store? Canned Tomatoes Tomato Paste Garlic Ground Beef Carrots llll Pasta (Ch. 10) Jin is trying to plan out her best possible weekend of relaxation. She knows she wants to spend the entire weekend reading magazines and watching movies. Reading a magazine takes 1 hour, and watching a movie takes 2 hours. She has 20 hours to divide between the two activities. This table shows the total utility she gets from different amounts of each activity. Assume she gets 0 marginal utility from consuming magazines after the 10th one. Quantity of Magazines Utility from Magazines Quantity of Movies Utility from Movies 1 10 1 30 2 19 2 55 3 27 3 75 4 34 4 90 15 40 5 104 16 45 6 116 7 49 7 126 8 52 8 130 9 54 9 135 10 55 10 134 Apply the optimal consumption rule. How many magazines should she read/consume? 0 5 0 6 0 9 O 10(Ch. 10) The graphic below shows different combinations of Dr. Pepper and Pepsi that Sansa could consume given two different incomes she might have. When her budget is low, she chooses combination A. D Pepsi B E A Budget line 2 C Budget line 1 Dr Pepper If her income increases, which choice of consumption bundle would be consistent with both goods being normal goods? O A O B OC OD OE O