v \"UHLIUII J u The following diagram shows Ella's budget line and one of her indifference curves for bread and jam where the quantity of bread is on the vertical axis and the quantity of jam is on the horizontal axis. We assume that Ella spends all of her income on bread and jam. QB 800 400 Q; a) If the price of a unit of bread is $2, what is Ella's income? [2] b) What is the slope of Ella's budget line? [1] c) What is the equation for Ella's budget line? [2] d) What is the price of a unit of jam? [2] e) What is Ella's marginal rate of substitution in equilibrium? How many units of bread is Ella willing to give up in order to obtain one more unit of jam? [2] i) If Ella's equilibrium quantity of bread is 150 units, what is her equilibrium quantity of jam? [2]