PRINCIPLES OF MICROECONOMICS (OER)
PRINCIPLES OF MICROECONOMICS (OER)
2nd Edition
ISBN: 9781947172340
Author: Timothy Taylor, Steven A. Greenlaw
Publisher: OpenStax
Textbook Question
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Chapter 2, Problem 19CTQ

Suppose Alphonso’s town raises the price of bus tickets from $ 0. 5 0 to $ 1 and file price of burgers rises from $ 2 to $ 4 .

Why is file opportunity cost of bus tickets unchanged? Suppose Alphonsn’s weekly spending money increases from $ 1 0 to $ 2 0 .

How is his budget constraint affected from all three changes? Explain.

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Chapter 2 Solutions

PRINCIPLES OF MICROECONOMICS (OER)

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