Question: Consumer holds $250 that can be split between two goods product x and product Y

Market price of goods Px = $5 and Py = $10

1. Equation for consumers budget line
2. Diagram for consumer’s opportunity
3. Demonstrate consumers opportunity changes when X= $10 and , how does this change the market rate of substitution between goods x and y.

Price: $2.99

Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document