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In 500 words explain the concept of a budget contraint . Give an example from your own life (fiction or non-fiction) of two goods that
In 500 words explain the concept of a budget contraint. Give an example from your own life (fiction or non-fiction) of two goods that are in tension with each other in a budget contraint (two goods that involve tradeoffs). Explain the tradeoff. Draw and label the graph, and give the numerical opportunity cost of each good
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