3.5 Robert spends all his money on chocolate bars and music downloads. Each bar of chocolate costs...

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3.5 Robert spends all his money on chocolate bars and music downloads. Each bar of chocolate costs £2 and each music download costs £0.80. His parents give him an allowance of £80 and two chocolate bars each month. Draw his opportunity set, assuming that he cannot sell the chocolate bars to his friends. How does the opportunity set change if he can sell the chocolate bars at the market price?

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Managerial Economics And Strategy

ISBN: 9780135640944

2nd Global Edition

Authors: Jeffrey M. Perloff, James A. Brander

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