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Scenario: Joey Is a College Student Living in Boston

Question 38

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Scenario: Joey is a college student living in Boston. He has preferences over only two goods, small pies at Pizzeria Regina (denoted by PR) and Red Sox games (denoted by RS). Joey has $150 per month in disposable income to spend on baseball games and pizza, the price of a small pie at Pizzeria Regina is $10 (pPR = $10) and the price of a Red Sox ticket is $20 (pRS = $20).
-Joey's budget constraint is given by $ ________ PR + $ ________ RS = $________.

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$10PR + $2...

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