Q1. A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget line relating to amusement park visits and other goods look like?
Q2. Consider the markets for pizza and beer. Show graphically (using a diagram for each market) and explain the impact(s) you would expect if technological change leads to the development of a pizza oven that is both much cheaper and uses less energy than current ovens.