Max has allocated $100 toward meats for his barbecue. His budget ...

[altibaby]

Excellent

[ambernicolefink]

Great! Please up vote

[genevieve1028]

Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. What happens if Max's mother gives him 30 pounds of burger?
◦ Max would have preferred receiving the dollar value of the burger.
◦ Max prefers this gift to the dollar value of the burger.
◦ Max is indifferent between this gift and the dollar value of the burger.
◦ None of the above.

[Ahernandez18]

Max would have preferred receiving the dollar value of the burger.

[RYAN BANYAN]

Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. What happens if Max receives a $100 cash grant to buy either meat or chicken?
◦ Max will double his consumption of both meats.
◦ Max will take advantage of the gift by buying all chicken because it is the more expensive meat.
◦ Max will spend it all on burger. Because of its lower price, he can buy more of it.
◦ There is not enough information to answer the question.

[helenmarkerine]

There is not enough information to answer the question.

[RYAN BANYAN]

Excellent

[helenmarkerine]

Great! Please up vote

[SO00]

Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. Which of the following best describes Max's preferences?
◦ a = b > c
◦ a = b > e
◦ d = b = e
◦ d > b > e

[nyrave]

a = b > e