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On their weekly visits to a local restaurant, Bram and Mila usually buy one slice of apple tart (Dutch apple pie) to share and two
On their weekly visits to a local restaurant, Bram and Mila usually buy one slice of apple tart (Dutch apple pie) to share and two cups of coffee each. However, the restaurant offers a special discount for the month of April to celebrate Koningsdag (King's Day): buy one slice of apple tart and get the next at half-price.
Show the original and new budget constraints.(Y=Px(x)+Py(y))
What can you say about the bundle Bran and Mila will choose when faced with the new constraint?
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