Question
Amanda has an income of $1,000 that she spends on mascara (M) and chocolate (C). If the prices per unit are PM = $5 and
Amanda has an income of $1,000 that she spends on mascara (M) and chocolate (C). If the prices per unit are PM = $5 and PC = $10, Amanda ___ afford to buy a combination of 100M and 60C because this combination of goods is located __________ her budget line.
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
