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Suppose that a college student can spend $50 on entertainment. this student derives satisfaction only from watching movies and playing video games. the price of
Suppose that a college student can spend $50 on entertainment. this student derives satisfaction only from watching movies and playing video games. the price of a movie $5 and the price of a video game is $2.
- Draw the correct budget line for this student
- label the axes.
- provide the numerical amount of movies and video games at the "extreme point."
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
