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Suppose that as a consumer you have $34 per month to spend on munchies?either pizza, which costs $6 each, or Twinkies, which cost $4 each.
Suppose that as a consumer you have $34 per month to spend on munchies?either pizza, which costs $6 each, or Twinkies, which cost $4 each. Distribute your money between pizza and twinkiessecond, third, etc. until you exhaust your budget?
Graph the budget constraint with Pizzas on the horizontal axis and Twinkies on the vertical axis. What are the intercepts?
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