Question

Eleanor has preferences for two goods: shrimps, and posters of mailmen. Let shrimps be on the horizontal (x) axis, and draw mailman posters on the vertical (y) axis. Plot and label the following bundles.A. (9 shrimp, 1 mailman poster) B. (3 shrimps, 7 mailman posters) C. (4 shrimps, 0 mailman posters) D. (8 shrimps, 8 mailman posters) E. (6 shrimps, 5 mailman posters)

Answer 1

Answer:

Attached image is the plotted and labeled graph.

Explanation:

- Bundle values are:

A.  (9,1)

B.  (3,7)

C.  (4,0)

D.  (8,8)

E.  (6,5)

- Count over on the x-axis then count up on the y-axis.

- Start marking the values of y-axis above the x-axis on the graph.