Map sapling learning Bread (loaves) The top graph presents the utility maximizin
ID: 1208359 • Letter: M
Question
Map sapling learning Bread (loaves) The top graph presents the utility maximizing combinations of bread and brie that Hayden chooses when the price of bread is $1.00 per loaf and the price of brie is $4.00 and $6.00 per wheel, respectively. The bottom graph shows Hayden's demand curve for brie. The two points and associated values in the top graph correponds to points A and B in the graph below. Infer the specific prices and quantities of brie associated with points A and B on Hayden's demand curve. 25.2 15.9 7.49 23,84. Brie (wheels) Number Number At point A, the price is s and the quantity demanded is Price Number Number At point B, he price is ST and the quantity demanded is Demand Quantity (wheels)Explanation / Answer
Deducing from both the graphs (for wheels)
At point A price is $6 and the quantity demanded is 7.49
At point B price is $4 and the quantity demanded is 23.84