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Suppose Mr. Glutton eats on pizzas and burgers. He .has AED 100 to spend on thiem and pizzas cost AED 50 each and burgers cost
Suppose Mr. Glutton eats on pizzas and burgers. He .has AED 100 to spend on thiem and pizzas cost AED 50 each and burgers cost AED 25 each. Suppose he eats 1 ' 'pizza and 2 burgers. Show his budget line and ' 'indifference curve. if the pr'ice of burgers rises to AED ' 50 each, show his income and substitution effects I'll do this on the board. (Assume you can buy parts of a pizza or burger.)
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