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[answered] Maria lives in Chicago and enjoys drinking lattes and eatin


hi any tutors online i need help wit economics please and thank you.?

Maria lives in Chicago and enjoys drinking lattes and eating scones. The price of a latte is held constant at $3 throughout this problem. On the following diagram, the purple curves (???and???) represent two of Maria's indifference curves. The lines????and????show two budget constraints. Points X and Y show Maria's optimum consumption bundles subject to these budget constraints. 0246810121416182020181614121086420LATTESSCONESI1BC1I2BC2XY
Given the previous graph and knowing the price of a latte is $3, Maria's income is .
Using the income amount you previously computed, complete the following table by finding the price of a scone when????represents Maria's budget constraint and when????represents her budget constraint. Then indicate the quantity of scones consumed in each of those scenarios.
??
??



Given the price-quantity combinations from the previous table, use the blue line (circle symbol) to plot Maria's demand for scones on the following graph. Hint: Assume that Maria's demand for scones is a straight line. You should derive two points on the demand curve from the preceding graph. Then place the blue line on the following graph so that it passes through these two points. Demand02468101214161820109876543210PRICE (Dollars per scone)QUANTITY (Scones)

 


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