Question
a.Martha, a former actress, spends all her income on plays and movies and likes plays exactly three times as much as she likes movies. i.Draw
a.Martha, a former actress, spends all her income on plays and movies and likes plays exactly three times as much as she likes movies.
i.Draw her indifference map.
ii.Martha earns $120/week. If play tickets cost $12 each and movie tickets cost $4 each, show her budget line and highest attainable indifference curve. How many plays will she see?
If play tickets are $12, movie tickets $5, how many plays will she attend?
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The Great Convergence Information Technology And The New Globalization
Authors: Richard Baldwin
1st Edition
067466048X, 9780674660489
