anyone can help me with the following questions please? Good 1 is a normal good

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anyone can help me with the following questions please?

Good 1 is a normal good and good 2 is an inferior good. Using 3 budget lines and 2 indifference curves, illustrate the effect of an increase in P2 on the consumption of both X1 and x2. Label income and substitution effects for both goods. Goods x and y are perfect complements (u x,y = min x,y ). When m=10, Py = 1, and Px is initially=1 but then rises to Px = 2: Draw the income and substitution effects for this price change. What are the numerical values for the IE and SE in this case? David consumes pizza and hamburgers and his utility function is given by: U p,h =2p + h. Initially, pp = 6, ph = 2, and m = 6 (income). Then the price of pizza falls to pp = 2, but the price of hamburgers remains the same as does income (at Ph - 2 and m = 6). What are the NUMERIC VALUES for the Hick's income and substation effects for PIZZA and HAMBURGERS when the price of pizza falls from 6 to 2? Carla's utility is described by U Le Y = 40Le ½, where Le is hours of leisure and Y is total income. The best wage that Carla can earn is 20 per hour week to allocate between labor and leisure. How many hours will Carla work given the parameters described above? How many hours would Carla work if she did not receive the weekly payment from the divorce settlement?

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