Question

.9781337006577&id=640883120&snapshotid=14623458 . et Free Fantasy Football 2. MYJN one tende D D RCTV CENGAGE MINDTAP o S Sundard Higher E Textbooks Chapter 21: Graded Homework Ercia bandandet av pog owing flyer the posts around the city. Making on black and white flyer costs $0.02, and making a flyer in color costs $0.10. tributos 0.00 igers each The following graph shows three of tries in difference curves for the number of a nd white and that he hec e r on the graph to indicate the optima Use the green linea toplotes de con Consumption choice over that but contain Budget Tools SOMOA?? s command command

microeconmics chapter 21

Answer 1

The slope of budget line=px/py=price of Color/ price of black and white=0.1/0.02=5{ on x axis color is showing and on y axis blank and white showing}

At optimal level, The slope of budget line Equal to marginal rate of substitution.

So at optimal level of , Eric marginal rate of substitution is 5 black and white per color.

xio 200 700 Color flyers