Microeconomics - Budget Line (BL) Ethan is a collector of pokemon cards and stickers. He has $56 given by his dad to spend on his collection. The store sells them at $14 per pokemon cards and $7 for the stickers. 1. If Ethan spends all his money on pokemon cards, what is the maximum unit that he can purchase based on the given budget?  2. If Ethan spends all his money on stickers, what is the maximum unit that he can purchase based on the given budget?  3. Show in an illustration where pokemon cards is in the x-axis and y-axis is the sticker.

ECON MICRO
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ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter1: The Art And Science Of Economic Analysis
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Microeconomics - Budget Line (BL)

Ethan is a collector of pokemon cards and stickers. He has $56 given by his dad to spend on his collection. The store sells them at $14 per pokemon cards and $7 for the stickers.

1. If Ethan spends all his money on pokemon cards, what is the maximum unit that he can purchase based on the given budget? 

2. If Ethan spends all his money on stickers, what is the maximum unit that he can purchase based on the given budget? 

3. Show in an illustration where pokemon cards is in the x-axis and y-axis is the sticker.

 

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