=+6.Cal Cool Cooper has $200 to spend on Nikes and sunglasses. a. Each pair of Nikes costs

Question:

=+6.Cal “Cool” Cooper has $200 to spend on Nikes and sunglasses.

a. Each pair of Nikes costs $100 and each pair of sunglasses costs $50. Which bundles lie on Cal’s budget line? Draw a diagram like Figure 10-4 in which both the marginal utility per dollar spent on Nikes and the marginal utility per dollar spent on sunglasses are