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Assume That the Budget Constraint in the Figure Below Is

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Assume that the budget constraint in the figure below is: PEE + PAA = I,where I is total income and PE is the price of education and PA is the price of all other goods.If U(E,A)= A + E,PE = 2,PA = 1,and I = 10.If the price of education drops to 1,how much of the two goods are consumed now?


Definitions:

Ocular Lens

A transparent structure within the eye that focuses light onto the retina to form clear images.

Oil-immersion Objective

A type of microscope objective used with a drop of oil to increase magnification and resolution by minimizing refraction.

Field Diameter

The size of the area visible through a microscope's eyepiece.

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