The budget constraint line by itself tells us preferences and indifference. True O False

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Jody has $360 to spend on her summer vacation. She decided to use the moneyon trips to the zoo and on tickets to the movies. Her original budget constraintis shown below. Let X represent movie tickets and Y represent trips to the zoo.i. What is the equation of the original budget constraint? ii. What is the price of a movie ticket? a trip to the zoo? iii. Assume a price change occurs and Jody now face the new budgetconstraint. What is the equation of the new budget constraint? iv. With the new budget constraint, what is the price of an amusement parkticket? a baseball ticket

In the following budget constraint- indifference curve graph, Nikki has $170 to spend on tops and pants. a. What is the price of a top? $ What is the price of a pair of pants? $ b. Is Nikki making the optimum choice if she buys 4 tops and 2 pants? OA. Yes, this point is on the budget constraint. OB. No, the indifference curve going through this point is not tangent to Nikki's budget constraint. OC. No, the other point of intersection of the indifference curve and the budget constraint is the optimal choice. OD. Yes, the indifference curve going through this point is tangent to Nikki's budget constraint. L Tops 10- 6 9- 8- G 7- 6- 3- 2- 1- 13 5 Pants 7 8 9 10 11 12