Asked by Summer
X=view of the sea
Y=wine
Price of X: Px=0
Price of Y: Py=5
Income=10
Assume that a person does not look at the view beyond the point that bores him (when the marginal utility is negative)
a) Sketch the budget constraint
I know the y-int is 2, but i am not sure about the x-int of the budget constraint.
Please help
Y=wine
Price of X: Px=0
Price of Y: Py=5
Income=10
Assume that a person does not look at the view beyond the point that bores him (when the marginal utility is negative)
a) Sketch the budget constraint
I know the y-int is 2, but i am not sure about the x-int of the budget constraint.
Please help