Mostajo I101 BasicMicroeconomics 04 TaskPerformance 1

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SITUATION #1 Combination and Costs 5 New Books (250) 1,250 5 Movie Ticket (150) 750 Total 2,000 a 2New Books (250) 500 10 Movie Ticket (150) 1,500 Total 2,000 1 2 5 10 ‘According to the given table, we can see that marvin is able to buy 5 books and 5 movie ticket at, the same time with a budget of 2,000.00 while he can also use point B wherein he will be able to buy 2 new books and 10 movie tickets with same amount of budget SITUATION #2 Combination and Costs frointa J 7 New Books (250) 1,750 2 Movie Ticket (125) 250 Total 2,000 6 New Books (250) 1,500 4 Movie Ticket (125) 500 Total 2,000 1 2 4 10 ‘According to the given table, we can see that marvin is able to buy 7 books and 2 movie ticket at the same time with a budget of 2,000.00 but this time the price of the goods drop down to 25% while she can also use point B wherein she will be able to buy 6 new books and 4 movie tickets with same amount of budget SITUATION #3 Combination and Costs . Cr 5 3 New Books (250) 750 3 Movie Ticket (150) 450 a Total 1,200 1 2 3 5 10 According to the given table, we can see that marvin is able to buy 3 books and 3 movie ticket at the same time with a budget of 1,200 with same price of goods in situation 1, we can see that the budget of marvin drop down to 40% that’s why she can only buy few good using the said amount of budget.

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