Week 5: Assignment #2 X MindTap - Cengage Learning X t Homework Help - Q&A from C' ngtcengagecom , >> a: CENGAGE I MINDTAP Q Search this course ; Problems &Applications (Ch 21) o X + '\" 45 40 Initial Budget Constraint 5 35 0 30 New Budget Constraint 25 2 20 Y: 15 3 to 0 0 l l l l i l l l l l o 5 1o 15 20 25 30 35 4o 45 50 Cookies (Dozens) E] Now suppose that all prices increase by 10 percent in year 2 and that Musashi's salary increases by 10 percent as well. Use the blue line (circle symbol) to draw Musashi's new budget constraint on the preceding graph. True or False: Musashi will consume the same amount of milk and cookies in year 2 as in year 1. 0 True 0 False Continue without saving Week 5: Assignment #2 MindTap - Cengage Learning X Homework Help - Q&A from Or x + TP G C A ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5981412365172630741631941506&eISBN=9780357133576&id=1448732694&snapshot... ( Q Search this course ? CENGAGE | MINDTAP X Problems & Applications (Ch 21) 5. Problems and Applications Q5 Musashi buys only milk and cookies. A-Z In year 1, Musashi earns $80, milk costs $2 per quart, and cookies cost $4 per dozen. O Use the green line (triangle symbol) to draw Musashi's budget constraint on the following graph. ? 50 A Initial Budget Constraint bongo 40 O 35 30 New Budget Constraint 25 Milk 20 A+ 15 10 5 5 10 15 20 25 30 35 40 45 50 Cookies (Dozens)