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Econ 302 Homework #1 McLeod Due in class Wednesday, January 23rd. Name ______________________________________________________ ID #...

can you show me how to do some of these problems i have worked through problems one and two but id like to make sure i did them right. and i am stuck on the third problem of the hw thankyou
1 . (8 points) Suppose you have \$24 to spend on either tea (T) or sugar (S). Tea costs \$.80 per cup and sugar costs \$.5 per spoonful. Using a graph, illustrate your budget constraint. Please put the number of cups of Tea on the vertical axis and the number of spoonfuls of Sugar on the horizontal axis. You may assume that you can purchase any amount of tea or sugar (for example, you could buy ½ cup of tea). What is the Marginal Rate of Transformation between tea and sugar?
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Econ 302 Homework #1 McLeod Due in class Wednesday, January 23rd. Name ______________________________________________________ ID # ________________________________________________________...

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