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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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
