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Unformatted text preview: d. Suppose now that you do not know the prices of R and F. Write down an equation that describes the quantity of trips to the funny farm as a function of income and the prices. e. Suppose that Mikes income is $400,000. Plot some specific points and draw his demand curve for trips to the funny farm on the graph below. e. If P F is $2000, and m is $300,000, how many trips to the funny farm will Mike purchase?...
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This homework help was uploaded on 01/31/2008 for the course ECON 300 taught by Professor Nonnenmacher during the Spring '08 term at Allegheny.
 Spring '08
 Nonnenmacher
 Microeconomics, Utility

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