If your income is 12wk and the composite good costs 1 graph, Ask an Expert

Economics

Your local telephone compan has offered you a choice between the following billing plans:

Plan A: Pay $.05 per call.

Plan B: Pay an initial $2/wk, which allows you up to 30 calls per week at no charge. Any calls over 30/wk cost $.05 per call.

If your income is $12/wk and the composite good costs $1, graph your budget constraints for the composite good and calls nder the two plans.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M972030

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