In the following budget constraint-indifference curve graph, Nikki has $200 to spend on blouses and skirts. a.
Question:
a. What is the price of blouses? What is the price of skirts?
b. Is Nikki making the optimum choice if she buys 4 blouses and 2 skirts? Explain how you know this.
Transcribed Image Text:
Blouses 4 - Budget constraint Skirts 10 ..... RIIRI 2.
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a The prices of the goods can be found by dividing Nikkis budget by the maximum amount that she ...View the full answer
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