Figure 21-19
The figure shows three indifference curves and a budget constraint for a consumer named Hannah. When young, Hannah works and earns income. When old, she is retired and earns no income.

-Refer to Figure 21-19. If Hannah chose to spend $30,000 on consumption when young, then how much could she spend on consumption when old?

Question

Figure 21-19
The figure shows three indifference curves and a budget constraint for a consumer named Hannah. When young, Hannah works and earns income. When old, she is retired and earns no income.
  ​
-Refer to Figure 21-19. If Hannah chose to spend $30,000 on consumption when young, then how much could she spend on consumption when old?

Quizplus · Accepted Answer

The Answer of Figure 21-19
The figure shows three indifference curves and a budget constraint for a consumer named Hannah. When young, Hannah works and earns income. When old, she is retired and earns no income.
  ​
-Refer to Figure 21-19. If Hannah chose to spend $30,000 on consumption when young, then how much could she spend on consumption when old?

Figure 21-19 The Figure Shows Three Indifference Curves and a Budget Constraint