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July 22, 2014

Homework Help: Microeconomics: Budjet Constraint

Posted by Johnson on Thursday, August 6, 2009 at 9:44pm.

You have decided to eat sushi for lunch and have a grand total of $20 to spend.
Whatever money you have left over from buying sushi rolls will be spent on cans of soda to get you through the rest of the day. Your problem is to choose the best combination of sushi rolls and cans of soda. A sushi roll (R) is $6 and cans of soda (C) are $1.

Now suppose that you decided to go to the bu ffet at Fuji Chef instead. The buff et costs $13. Sketch your new budget constraint. (Hint: your possible consumption bundles still consist of cans of soda and rolls of sushi.)

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