They charge 1lb for every pound you buy thereafter. if you, Ask an Expert

Economics

The ACME seed company charges $2/lb for the first 10 lbs you buy of marigold seeds each week

a. They charge $1/lb for every pound you buy thereafter. If you income is $100/week, draw your budget constraint for the composite good and marigold seeds.

b. They charge $4/lb for every pound you buy thereafter. If your income is still $100/week, draw your budget constraint for the composite good and marigold seeds.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M962147

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