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Bicycles Part 1- Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples
Bicycles Part 1- Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of an apple is $1.50 and the price of a banana is $0.75. If the consumer spent all of her budget on just apples or just bananas, how many apples or bananas maximum would she be able to buy? Part 2- 14 12 10+ 8 00 6 4 2 A B E D G 0 2 4 6 8 10 Computers Refer to the diagram. If society is currently producing 12 units of bicycles and 2 units of computers and it now decides to increase computer output to 4, the cost
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