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Indifference curves, and utility maximization Kenji plays the upright bass as part of a string quartet and advertises booking opportunities using brochures he distributes in

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Indifference curves, and utility maximization

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Kenji 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 $0.02, but adding color increases the cost to $0.10 per brochure. Kenji sets aside a monthly budget of $20.00 for creating brochures. The following graph shows three of Kenji's indifference curves for the number of grayscale and color brochures that he makes. Use the green line (triangle symbol) to plot Kenji's budget constraint. Then, place the black point (plus symbol) on the graph to indicate Kenji's optimal consumption choice given that budget constraint. (?) 1000 A 900 Budget Constraint 800 700 600 Optimum GRAYSCALE BROCHURES 500 400 300 N 200 100 25 50 75 100 125 150 175 200 225 250 COLOR BROCHURES At the optimum that you indicated on the graph, Kenji's marginal rate of substitution is equal to in grayscale per brochure in color

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