Charlie has 1000 to allocate between football tickets and, Ask an Expert

Economics

Charlie has $ 1000 to allocate between football tickets and movie tickets over the year. The price of each football ticket is $50, and the price of each movie ticket is $10. His marginal rate of substitution of football tickets for movie tickets equals 4, regardless of what market bundle he chooses. How many football tickets does he purchase. (show work)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91299026

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