Eidi has $100 to spend on video blackjack at $1 per game and French fries at $1 per basket.

Graph Eidi's budget constraint, putting video games on the vertical axis and French fries on the horizontal axis. Using an indifference curve, show Eidi's optimal consumption bundle at 20 blackjack games and 80 baskets of fries.

Question

Eidi has $100 to spend on video blackjack at $1 per game and French fries at $1 per basket.
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Graph Eidi's budget constraint, putting video games on the vertical axis and French fries on the horizontal axis. Using an indifference curve, show Eidi's optimal consumption bundle at 20 blackjack games and 80 baskets of fries.

Quizplus · Accepted Answer

The Answer of Eidi has $100 to spend on video blackjack at $1 per game and French fries at $1 per basket.
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Graph Eidi's budget constraint, putting video games on the vertical axis and French fries on the horizontal axis. Using an indifference curve, show Eidi's optimal consumption bundle at 20 blackjack games and 80 baskets of fries.

Eidi Has $100 to Spend on Video Blackjack at $1