=+from all the bundles on his budget line, which bundle will Cal choose? The accompanying table gives

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=+from all the bundles on his budget line, which bundle will Cal choose? The accompanying table gives his utility of Nikes and sunglasses.

Quantity of Utility from | Quantity of Utility from Nikes (pair Nikes (util s) wrro 4

s)

°

400 700 900 1,000

(pairs)

oO 1

2 3

4

(utils)

oO 325 600 825 700

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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