Budget constraint-draw highest indifference curve

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An individual has a budget constraint of $28. The price of healthcare is $2 and the price of all other goods is $4. (a) Graph their budget constraint. (b) Label the axes. In other words, indicate whether the X axis is healthcare or all other goods. (c) Draw the highest indifference curve they would choose. (Draw a curve tangent to the line.)

Reference no: EM131242444

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