=+a. Consider a consumer who has a travel budget of $10,000 per year, a budget that can
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=+a. Consider a consumer who has a travel budget of $10,000 per year, a budget that can be spent on the cost of getting to places as well as “other consumption” while traveling. On a graph with “miles flown” on the horizontal axis and “other consumption” on the vertical, illustrate the budget constraint for someone who only considers flying (and not driving) to travel destinations.
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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