Refer to the budget constraint for jeans and T-shirts in Figure 7P-1. Which of the following consumption bundles is attainable? 11eb69fa_96b9_2ab4_ba7a_bdbc785ed292_SM2313_00 a. 3 pairs of jeans, 1 T-shirt. b. 2 pairs of jeans, 4 T-shirts. c. 2 pairs of jeans, 3 T-shirts. d. 1 pair of jeans, 4 T-shirts.

Economics 1st Edition by Dean Karlan,Jonathan Morduch

Edition 1ISBN: 978-0073511498

Edition 1ISBN: 978-0073511498

Exercise 17

Refer to the budget constraint for jeans and T-shirts in Figure 7P-1. Which of the following consumption bundles is attainable?

a. 3 pairs of jeans, 1 T-shirt.
b. 2 pairs of jeans, 4 T-shirts.
c. 2 pairs of jeans, 3 T-shirts.
d. 1 pair of jeans, 4 T-shirts.

Explanation

Verified

a. 3 Pairs of 'Je' and 1 'Ts':
If the p...