Which she allocates between sandwiches and books

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Suppose Mary’s income is $100 per week, which she allocates between sandwiches and books. Sandwiches cost $2 each. Books cost $10 each if she purchases between 1 and 5 books. If she purchases more than 5 books in a week, the price falls to $5 for the 6th book and all subsequent books. Draw the budget constraint. Show that it is possible that Mary might have more than one utility maximizing solution.

Reference no: EM131244228

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