Question: Monifa plans to spend her income on concert tickets and movie tickets. Suppose that she has an income of $100. The price of a concert ticket is $20, and the price of a movie ticket is $10.
a. Draw, and carefully label, a budget line diagram illustrating the consumption combinations that she can afford.
b. Can she afford 6 movie tickets and 1 concert ticket? Label this point on your graph.
c. Can she afford 2 movie tickets and 6 concert tickets? Label this point on your graph.
d. Can she afford 4 movie tickets and 3 concert tickets? Label this point on your graph.
e. Which of the combinations mentioned just uses up all her income?