Question 7 (- Suppose Scarlett has budget of $100 to spend on pizzas and burritos. A pizza costs $10, and a burrito $5. However, the store where Scarlett shops has a promotion on burritos. After she buys 6 burritos, and price of additional burritos drops to 2 dollars. Draw Scarlett's opportunity set. Please make sure to show all your steps.

Question 7 (- Suppose Scarlett has budget of $100 to spend on pizzas and burritos. A pizza costs $10, and a burrito $5. However, the store where Scarlett shops has a promotion on burritos. After she buys 6 burritos, and price of additional burritos drops to 2 dollars. Draw Scarlett's opportunity set. Please make sure to show all your steps.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 1.3P

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