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Gilberto is in a band and likes to advertise upcoming shows using flyers he posts around the city. Making one black-and-white flyer costs $0.02, and making a flyer in color costs $0.10. Gilberto budgets $20.00 for making flyers each month. The following graph shows three of Gilberto's indifference curves for the number of black-and-white and color flyers that he makes. Use the green line (triangle symbol) to plot Gilberto's budget line. Then, place the black point (plus symbol) on the graph to indicate Gilberto's consumer equilibrium given that budget line. BLACK-AND-WHITE FLYERS 1000 900 800 700 600 500 400 300 200 100 0 0 25 50 75 100 125 150 COLOR FLYERS +¹3 ¹¹/₂ ¹4₁ 175 200 225 250 Budget Line Consumer Equilibrium ? At the consumer equilibrium that you indicated on the graph, Gilberto's marginal rate of substitution is equal to per flyer in color. in black and white

Gilberto is in a band and likes to advertise upcoming shows using flyers he posts around the city. Making one black-and-white flyer costs $0.02, and making a flyer in color costs $0.10. Gilberto budgets $20.00 for making flyers each month. The following graph shows three of Gilberto's indifference curves for the number of black-and-white and color flyers that he makes. Use the green line (triangle symbol) to plot Gilberto's budget line. Then, place the black point (plus symbol) on the graph to indicate Gilberto's consumer equilibrium given that budget line. BLACK-AND-WHITE FLYERS 1000 900 800 700 600 500 400 300 200 100 0 0 25 50 75 100 125 150 COLOR FLYERS +¹3 ¹¹/₂ ¹4₁ 175 200 225 250 Budget Line Consumer Equilibrium ? At the consumer equilibrium that you indicated on the graph, Gilberto's marginal rate of substitution is equal to per flyer in color. in black and white

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Gilberto is in a band and likes to advertise upcoming shows using flyers he posts around the city. Making one black-and-white flyer costs $0.02, and making a flyer in color costs $0.10. Gilberto budgets $20.00 for making flyers each month. The following graph shows three of Gilberto's indifference curves for the number of black-and-white and color flyers that he makes. Use the green line (triangle symbol) to plot Gilberto's budget line. Then, place the black point (plus symbol) on the graph to indicate Gilberto's consumer equilibrium given that budget line. BLACK-AND-WHITE FLYERS 1000 900 800 700 600 500 400 300 200 100 0 0 25 50 75 + 100 125 150 COLOR FLYERS 1 175 200 225 250 Budget Line ++ Consumer Equilibrium ? At the consumer equilibrium that you indicated on the graph, Gilberto's marginal rate of substitution is equal to per flyer in color. in black and white
Transcribed Image Text:Gilberto is in a band and likes to advertise upcoming shows using flyers he posts around the city. Making one black-and-white flyer costs $0.02, and making a flyer in color costs $0.10. Gilberto budgets $20.00 for making flyers each month. The following graph shows three of Gilberto's indifference curves for the number of black-and-white and color flyers that he makes. Use the green line (triangle symbol) to plot Gilberto's budget line. Then, place the black point (plus symbol) on the graph to indicate Gilberto's consumer equilibrium given that budget line. BLACK-AND-WHITE FLYERS 1000 900 800 700 600 500 400 300 200 100 0 0 25 50 75 + 100 125 150 COLOR FLYERS 1 175 200 225 250 Budget Line ++ Consumer Equilibrium ? At the consumer equilibrium that you indicated on the graph, Gilberto's marginal rate of substitution is equal to per flyer in color. in black and white
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