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Business, 22.07.2019 18:30 ineedhelp2285

Suppose a consumer has an income of $100 to spend on chocolate bars and ice-cream cones. she faces a constant price of $1 for chocolate bars. however, the price of ice cream depends on how much you buy. the first 10 ice cream cones cost the consumer $2 each, but every cone after that is $0.50 each. draw the budget set. (note: x-axis is labeled as ice-cream cones). also, write down the budget curve and its slope. repeat above if every cone after first 10 ice cream is now 4 dollars each

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Suppose a consumer has an income of $100 to spend on chocolate bars and ice-cream cones. she faces a...
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