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Course: Microeconomics - Rational Consumer Choice From Robert Frank's Book of Microeconomics - Ch. 3 Boris has budgeted $9 a week for morning lattes. He
Course: Microeconomics - Rational Consumer Choice From Robert Frank's Book of Microeconomics - Ch. 3 Boris has budgeted $9 a week for morning lattes. He only likes it if it has 4 parts coffee and 1 part milk. The coffee costs $1 per pound and the milk costs $0.50. a) How much coffee and how much milk will he buy per week? b) And if coffee now goes up to $3.25 per kilo, how much coffee and milk will she buy per week? Graph each of your answers
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