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You have the option of renting a car on a daily basis for $40/day or on a weekly basis for $200/wk. Use the provided graph
You have the option of renting a car on a daily basis for $40/day or on a weekly basis for $200/wk. Use the provided graph indicating the budget constraint for a budget of $360/trip. a. Find your best affordable bundle if your travel preferences are such that you require exactly $140 worth of other goods for each day of rental car consumption. Instructions: 1. On the graph below, use the line tool (optimal ratio of Y and C, plot 2 points) to show the best affordable bundle. 2. Use the drop-line tool (equilibrium) to show the new equilibrium. Your Graph Score: 0% Composite Good per trip (Y) 400 x optimal ratio
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