=+37. Tyrone is a utility maximizer. His income is $100, which he can spend on cafeteria meals
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=+37. Tyrone is a utility maximizer. His income is $100, which he can spend on cafeteria meals and on notepads. Each meal costs $5, and each notepad costs $2. At these prices Tyrone chooses to buy 16 cafeteria meals and 10 notepads. ‘a. Drawa diagram that shows Tyrone’s choice using an indifference curve and his budget line, placing notepads on the vertical axis and cafeteria meals on the
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