Quiz 3 Budget - Sunday he cut a coupon from the newspaper It said ‘Buy one unit of y and get one free!’ Draw Milton’s budget constraint x y 5

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Shomu Banerjee ECON 201 BUDGET QUIZ Milton wishes to spend all his weekly income of $10 on two goods x and y . Assume both goods are divisible. The price of each good is $1 per unit. Last
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Unformatted text preview: Sunday he cut a coupon from the newspaper. It said ‘Buy one unit of y and get one free!’ Draw Milton’s budget constraint. x y 5 10 5 10...
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This note was uploaded on 10/26/2010 for the course ECONOMICS ECON 201 taught by Professor Dr.shomubanerjee during the Summer '07 term at Emory.

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