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Economics

 
 
Reply Tue 19 Apr, 2016 06:25 am
supposed John has 5000 to spend on trousers and shirts. The price of trousers is 500 and that of shirts is 312.50 each.
1. Use the information and calculate consumer equilibrium for John.
. Use a diagram and graphically illustrate consumer equilibrium. Remember to incorporate indifference curve and a budget line in you diagram
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Reply Tue 19 Apr, 2016 07:37 am
@Hamuhoto Edward,
That is way too money so John decided to go to Salvation Army and buy used. I can't graph on here but the directions are go down main street take a right at the dunkin donuts and it will be on your left.

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