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Rumi has $100 and is deciding how to spend it on bread and wine. The price of bread is $2 and the price of wine
Rumi has $100 and is deciding how to spend it on bread and wine. The price of bread is $2 and the price of wine is $2. (Both goods are infinitely divisible.) Write down the budget constraint in terms of ax1+ bx2= c where x 1 is quantity of bread and x2 is quantity of wine. (Since this is a linear equation, you could scale a , b , and c by an arbitrary scalar.
a=?, b=?, c=?
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