Silvio's friend Paulie also enjoys consuming hamburgers and fries, and has a similarly hearty appetite. On the
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Silvio's friend Paulie also enjoys consuming hamburgers and fries, and has a similarly hearty appetite. On the graph below, BC1 represents Paulie's initial budget constraint, and BC2 represents his subsequent budget constraint. Suppose that Paulie's weekly fast food budget starts at $240.
D Question 11 2 pts b. In order for Paulie to move from BC1 to BC2, [ Select ] must have [Select ] c. After the move from BC1 to BC2, we know that Paulie's utility has [ Select ] because [ Select ]Problem 4: Changes in the Budget Constraint (3 points) Silvio's friend Paulie also enjoys consuming hamburgers and fries, and has a similarly hearty appetite. On the graph below, BC1 represents Paulie's initial budget constraint, and BC2 represents his subsequent budget constraint. Suppose that Paulie's weekly fast food budget starts at $240. Fries per week 140 120 100 80 60 40 20 BC BC 2 20 40 60 80 Hamburgers per week a. Based on the information that we have, the price of fries must be $ and the price of hamburgers must be $ pdf
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