Suppose that Tiffany has an income of $20 per week and she spends it on frozen pizza (P) and beer (B).The price of a bottle of beer (PB) is $1 and the price of frozen pizza (Pp) is $5 per pizza.(a) Derive an equation for the budget constraint.(b) Draw the budget constraint with beer on the horizontal axis and pizza on the vertical axis. Clearlyindicate the x and y intercepts.(c) What is the slope of the budget constraint?(d) On a separate graph, draw the budget constraint when the price of beer increases to $2 per bottle. What happens to the slope of the budget constraint compared to your answer in Part (c)?(e) On a separate graph, draw the budget constraint when Tiffany’s income falls to $15 per week (assumethat the price of beer is again $1 per bottle). What happens to the slope of the budget constraint comparedto your answer in Part(c)?

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e. g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e. g. 2.25 and final answers to 0 decimal places, e. g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $