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Question - Cherry pie and Coffee budget constraint

Imagine you are one individual looking to purchase some of the only two goods in your economy, cherry pies and coffee. Your income is $90. You hear that the pies in town are the best in the country, so you buy one pie for the absorbitant price of $30. You have invited your entire class over for pie and coffee, so you stop by a café on your way home and purchase as many coffee cups as you can afford. They cost $3 per cup. How many coffee cups do you purchase?

Microeconomics, Economics

  • Category:- Microeconomics
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