Gaukhar consumes textbooks and money (measured in thousands of tenge). your income

It is 100'000 tenge.

1. Suppose textbooks cost 3000 tenge per book. However, if you purchase more than

10 textbooks only cost 2'000 tenge per book (for example, 7 textbooks cost

21,000 tenge and 20 textbooks cost 40,000 tenge). Plot Gaukhar's budget set.

2. Suppose textbooks cost 3000 tenge per book. However, if you purchase more than

10 textbooks, all other textbooks cost only 2'000 tenge per book (e.g. 20

textbooks cost 20,000 + 30,000 = 50,000 tenge). Plot Gaukhar's budget set.

Answer rating: 100% (QA)

To plot Gaukhars budget set for both scenarios we need to determine the equation of the budget line ... View the full answer