Sarah likes basketball games and going to movies. Every month he has $480 to spend on the two activities. Ticket price of a basketball game is $15 and price of a ticket to movies is 12$. Write the budget constraint equation and draw the budget constraint for Sarah.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section21.1: The Budget Constraint: What The Consumer Can Afford
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Sarah likes basketball games and going to movies. Every month he has $480 to spend on the two
activities. Ticket price of a basketball game is $15 and price of a ticket to movies is 12$. Write the budget
constraint equation and draw the budget constraint for Sarah.
Transcribed Image Text:Sarah likes basketball games and going to movies. Every month he has $480 to spend on the two activities. Ticket price of a basketball game is $15 and price of a ticket to movies is 12$. Write the budget constraint equation and draw the budget constraint for Sarah.
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