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Title: Johnny has $100 to spend on books and all other goods. Books cost $20 each and Johnny is at ... Post by: Mairoon on Oct 18, 2017 Johnny has $100 to spend on books and all other goods. Books cost $20 each and Johnny is at equilibrium consuming 3 books and $40 worth of other goods. Johnny's grandmom wants to give Johnny either a book or $20 for his birthday. Which gift does Johnny prefer? Explain using an indifference map and budget lines.
Title: Re: Johnny has $100 to spend on books and all other goods. Books cost $20 each and Johnny is at ... Post by: Chronos on Oct 18, 2017 Content hidden
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