Juliana gets the following 15 units for free if she buys 30 units of good Y (at RM2 per unit). This promotion is only valid for the first 30 pieces she purchases. Calculate Julia's total utility received. Derive Juliana's new budget line equation. Sketch the budget line before and after the change in the price of good Y using an appropriate diagram.
Juliana gets the following 15 units for free if she buys 30 units of good Y (at RM2 per unit). This promotion is only valid for the first 30 pieces she purchases. Calculate Julia's total utility received. Derive Juliana's new budget line equation. Sketch the budget line before and after the change in the price of good Y using an appropriate diagram.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Juliana gets the following 15 units for free if she buys 30 units of good Y (at RM2 per unit).
This promotion is only valid for the first 30 pieces she purchases. Calculate Julia's total
utility received.
Derive Juliana's new budget line equation. Sketch the budget line before and after the
change in the
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