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Popcorn costs $2 and movies cost $10. Suppose Robin has $50. Write out and sketch her budget constraint for each of the following. Put Movies
Popcorn costs $2 and movies cost $10. Suppose Robin has $50.
Write out and sketch her budget constraint for each of the following. Put Movies on the horizontal axis.
i) Prices as given.
ii) The movie store will give a 20% discount if Robin buys at least 3 movies.
iii) Popcorn is "buy one get one free".
iv) Robin has a coupon for 2 free movies.
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