Draw a budget constraint , Finance Basics

The price of bread is $0.50 per pound, and the price of butter is $0.25 per ounce. Channing spends all of her income, buying 12 pounds of bread, 7 ounces of butter, and nothing else. What is her income? Draw her budget constraint and identify her chosen consumption bundle.

 

Posted Date: 3/22/2013 1:51:10 AM | Location : United States







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