|
Title: Suppose that left shoes and right shoes must be purchased separately. Ingrid needs an equal number ... Post by: MrGrimey on Nov 12, 2017 Suppose that left shoes and right shoes must be purchased separately. Ingrid needs an equal number of each type of shoe and has a budget of $100 for shoes. Left shoes always cost $1. If right shoes cost $19 each, how many of each will Ingrid buy? If the price of right shoes increases to $49 each, how will Ingrid react? Explain your answer by drawing the indifference curves and budget lines.
Title: Re: Suppose that left shoes and right shoes must be purchased separately. Ingrid needs an equal ... Post by: Rumko on Nov 12, 2017 Content hidden
|