Business, 02.04.2021 02:50 yanelyportillo7

Suppose the only two goods in the world are pant and shirt. You have an exogenous income of $200. The price of pants is $20, and the price of shirt is $10. Suppose you have the coupon applied to shirts described as follows: (a) a 50% discount applies to the first 8 shirts and then regular price after the first 8 shirts. (b) regular price for the first 8 shirts and then a 50% discount after the first 8 shirts. Please put pants in the horizontal axis and shirts in the vertical axis, and draw the budged lines corresponding to the above two coupons.

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Suppose the only two goods in the world are pant and shirt. You have an exogenous income of $200. Th...

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