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Refer to the information of Amna's budget and indifference cure (preference) provided in Figure below to answer the questions that follow. (Good X-Ice Cream Cones & Good Y-Ice Cream Sandwich)
Refer to Figure above answer the following questions:
a) If the price of an ice cream cone is $2, Amna's income is?
b) What is the price of an ice cream sandwich?
c) Suppose, Amna spend 50% of his budget on both Goods, how much of Good X & Good Y will be consumed?
d) The slope of the indifference curve is the ratio of the?
e) Warsi's utility maximizing point is at?
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