For the next three questions consider the following scenario.pdf

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For the next three questions consider the following scenario: Marie has a weekly budget of $24 which she can spend on magazines and pies. Magazines cost $4 each and a pie is $12. Draw the budget constraint to represent Marie's budget and the prices of magazines and pies. Indicate the opportunity set on the graph. You may use the blank copy provided and fill in the blanks or draw your own from scratch. You may draw a digital version or you may do it by hand and scan/take a photo of your image and upload it here. Determine if each of the following combinations are in Marie's opportunity set or not. (a) Two magazines and two pies. Not in Marie's opportunity set (b) Two magazines and one pieln Marie's opportunity set (c) Three magazines and one pie. In Marie's opportunity set.

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