Question: Need help. Kinked Budget Constraint A kink occurs when a consumer faces different prices for the same good, depending on how much the consumer consumes.

Need help.

Need help. Kinked Budget Constraint A kink occurs when a consumer faces

Kinked Budget Constraint A kink occurs when a consumer faces different prices for the same good, depending on how much the consumer consumes. LI r'uJ '= :E The Questions Sometimes stores have sales that limit the quantity you can purchase at the sale price. If you buy more than the limit. you pay the full price. Assume that your local grocery store is having a sale on yogurt where the first 4 are on sale for $1.00 per container, after which they cost $2.00. 0 Graph your budget constraint if you have $20 to Spend on yogurt. Label your x and y axis clearly and accurately to receive credit. 0 Add a budget constraint to the graph that represents a decrease in income

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