30032001000.5 flyers1 flyer* 255075100125150175200225250COLOR FLYERS2 flyers6 flyersAt the optimum that you indicated on the graph, Shen's marginal rate of substitution is equal toin black and white per flyer in color.BLA Shen is in a band and likes to advertise upcoming shows using flyers he posts around the city. Making one black-and-white flyer costs $0.05, andmaking a flyer in color costs $0.10. Shen budgets $25.00 for making flyers each month.The following graph shows three of Shen's indifference curves for the number of black-and-white and color flyers that he makes.Use the green line (triangle symbol) to plot Shen's budget constraint. Then, place the black point (plus symbol) on the graph to indicate Shen'soptimal consumption choice given that budget constraint.1000900Budget Constraint800700600Optimum5004003002001000 25 5075100125150175200225250COLOR FLYERSBLACK-AND-WHITE FLYERS

Given Budget = 25 $ Black and white flyer cost= 0.05 Total consumption = 25 / 0.05 = 500 Flyer…

Answered: 200 100 0.5 flyers 1 flyer 25 50 75 100…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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200 100 0.5 flyers 1 flyer 25 50 75 100 125 150 175 200 225 250 COLOR FLYERS 2 flyers 6 flyers t the optimum that you indicated on the graph, Shen's marginal rate of substitution is equal to in black and white per flyer in color.