Draw the budget constraint for in-state phone calls

Reference no: EM132200428

Question: Continental Long Distance Telephone Service offers an optional package for in-state calling whereby each month the subscriber gets the first 50 min of in-state calls free, the next 100 min at $0.25/min, and any additional time at the normal rate of $0.50/min. Draw the budget constraint for in-state phone calls and the composite good for a subscriber with an income of $400/mo.

Reference no: EM132200428

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