The sellers of games try a new promotion: a 50% discount on all games if the buyer purchases 5 games or more. On a graph, draw Philip's budget constraint. Make sure you label all interceptsand slope/s. In Philip's world, only two goods give him utility: economics books (B) and computer games (G). His monthly budget is $100, while a book costs $5 and a game costs $10.
The sellers of games try a new promotion: a 50% discount on all games if the buyer purchases 5 games or more. On a graph, draw Philip's budget constraint. Make sure you label all interceptsand slope/s. In Philip's world, only two goods give him utility: economics books (B) and computer games (G). His monthly budget is $100, while a book costs $5 and a game costs $10.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The sellers of games try a new promotion: a 50% discount on all games if
the buyer purchases 5 games or more. On a graph, draw Philip's budget
constraint. Make sure you label all interceptsand slope/s.

Transcribed Image Text:In Philip's world, only two goods give him utility: economics books (B) and computer games (G).
His monthly budget is $100, while a book costs $5 and a game costs $10.
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