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Question 1: Suppose that we are in Dollarama to buy cups and bowls for our dorm rooms. We have a dedicated cu pandbowl budget of
Question 1: Suppose that we are in Dollarama to buy cups and bowls for our dorm rooms. We have a dedicated cu pandbowl budget of $50. The price of bowls is $5 each and the price of cups is $2 each. Draw the budget constraint for this purchase decision. Question 2: Now Suppose that while purchasing bowls and cups, you realize that there are only 10 cups there. If you choose to buy 10 cups, then that is the maximum for you to buy. It is impossible to buy more than 10. What does this do to the Budget Constraint? Draw the new one?" Question 3: Dollarama with Coupons Suppose, first off, that Dollarama restocks cups and theyr now have thousands of them. No also suppose that Dollarama really wants to try and push cup sales, so they start to offer coupons. These coupons are such that: "Buy 2 cups, get the third 50% of Suppose that this coupon is single use (Le. can only use one of them), what would the new budget constraint look like with this coupon
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