Mehmet has a monthly budget of 440TL, which he likes to spend on books (b) and movie tickets(m). Draw the budget constraint curve by putting books on the x-axis. Explain the opportunity cost of a movie ticket. 22b + 11m = 440 TL

Mehmet has a monthly budget of 440TL, which he likes to spend on books (b) and movie tickets(m). Draw the budget constraint curve by putting books on the x-axis. Explain the opportunity cost of a movie ticket. 22b + 11m = 440 TL

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section6.A: Indifference Curve Analysis

Problem 8SQ

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Q: Answer parts d and e

Question

Please dont use excel. Calculte to paper.

Mehmet has a monthly budget of 440TL, which he likes to spend on books (b) and movie
tickets(m). Draw the budget constraint curve by putting books on the x-axis. Explain the
opportunity cost of a movie ticket.
22b + 11m = 440 TL

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