*********INTERMEDIATE MICROECONOMICS PROBLEM********

PROBLEM : 3 - CONSUMER CHOICE WITH A QUANTITY DISCOUNT

Josh has a monthly income of $1000. He spends this income on gummy bears (G) and "other goods" (X). The first 2500 gummy bears always cost $0.2 per unit. When buying more than 2500 gummy bears, they are offered at a discounted price of $0.1per unit for any amount above 2500. The unit price of the "other goods" is $1.

1. What is the budget set?