Daniela has $100 to buy supplies for her printer. The two items that she needs are ink cartridges and printer paper. Paper costs $10 for 1000 sheets, and ink cartridges cost $5 and must be replaced aŌer 2000 sheets of paper. a. Sketch Daniela's budget line. b. What will her indifference curves look like? c. What will she buy?

Daniela has $100 to buy supplies for her printer. The two items that she needs are ink cartridges and printer paper. Paper costs $10 for 1000 sheets, and ink cartridges cost $5 and must be replaced aŌer 2000 sheets of paper. a. Sketch Daniela's budget line. b. What will her indifference curves look like? c. What will she buy?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter4: Utility Maximization And Choice

Section: Chapter Questions

Problem 4.4P

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