SCIE1500

Lab 12 Work

Siya Gupta
23921483

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Include in your lab work upload part 2c (code and output) from this Notebook. Check the
other notebook for what you need to upload from there.

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Upload as part of your lab work for the week, the completed contents (code and output) of
section 4. Check the other notebook for what you need to upload from there

4a (the table)

Px Py x (Food I) y (Food II) cost

0.3 1.0 0.0 5.0 5.0
0.6 1.0 3.0 1.0 2.8
0.9 1.0 3.5 0.5 3.15
1.2 1.0 4.0 0.0 4.0
1.5 1.0 4.5 0.0 4.5
1.8 1.0 5.0 0.0 5.0
2.1 1.0 5.5 0.0 5.5
2.4 1.0 6.0 0.0 6.0
2.7 1.0 6.5 0.0 6.5

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4b
1. The consumer shifts towards consuming more Food II and less Food I as Food I's
price rises.
2. She consistently satisfies her nutrient requirements while minimizing costs at each
price level.
3. At lower Food I prices, she allocates more budget to Food I due to its cost-
effectiveness.
4. Her total food costs increase with rising Food I prices, reflecting price sensitivity in
her choices while meeting nutritional needs.

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OR THIS….HONESTLY NOT TOO SURE WHATS GOING ON, THIS LAB WAS
HARD!

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