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Continental Long Distance Telephone Service offers an optional package for in-state calling whereby each month the subscriber gets the first 50 min of in-state calls free, the next 100 min at $.25/min, and any additional time at the normal rate of $.50/min. Draw the budget constraint for in-state phone calls and the composite good for a subsciber with an income of $400/mo.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M972021

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