Question
Brian plays the upright bass as part of a string quartet and advertises booking opportunities using brochures he distributes in venues around the city. Making
Brian plays the upright bass as part of a string quartet and advertises booking opportunities using brochures he distributes in venues around the city. Making one grayscale brochure costs $0.05, but adding color increases the cost to $0.20 per brochure. Brian sets aside a monthly budget of $40.00 for creating brochures.The following graph shows three of Brian's indifference curves for the number of grayscale and color brochures that he makes.
Use the green line (triangle symbol) to plot Brian's budget constraint. Then, place the black point (plus symbol) on the graph to indicate Brian's optimal consumption choice given that budget constraint.
1000 A 900 Budget Constraint 800 700 600 Optimum 500 GRAYSCALE BROCHURES 400 300 200 100 0 25 50 75 100 125 150 175 200 225 250 COLOR BROCHURESStep by Step Solution
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