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A Consumer Buys Coffee (C) for $3 Each and Bagels

Question 121

Essay

A consumer buys coffee (C) for $3 each and bagels (B) for $1.50 each. She has income of $40. If the coffee shop limits the number of bagels that a customer may purchase to 6, what is the equation of her budget constraint?

Correct Answer:

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The generic form of the budget constrain...

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