Draw the consumer budget constraint

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Suppose that a consumer can purchase apples for $1, and bananas for $0.50. The consumer is willing to spend $10/week on fruit.

a) Draw the consumer’s budget constraint, showing the different combinations of apples and bananas that can be purchased for $10.

b) If that consumer is you, what combination of fruit would you purchase, and why?

Reference no: EM131424691

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