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Author Question: George has a $600 annual entertainment budget that he uses to buy trips to the movies and dinners at ... (Read 59 times)

Jkov05

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on: May 24, 2019


George has a $600 annual entertainment budget that he uses to buy trips to the movies and dinners at local restaurants. The figure above shows indifference curves and budget lines for these two goods. The price of a movie is $15.
a.   Along budget line BL1, what is the price of a dinner?
b.   What combination of dinners and movies will George select along budget line BL1?
c.   Budget line BL2 represents a change in the price of dinners from that along BL1. What is the new price of dinners along this budget line?
d.  What combination of dinners and movies will George select along budget line BL2?
e.   Use the information in this problem to give two points on George's demand curve for dinners.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by Jkov05 on May 24, 2019

vseab

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Jkov05

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Reply #2 on: May 24, 2019
Excellent


vseab

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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