graph help economics

timer Asked: Feb 25th, 2015

Question description

1.  Suppose a consumer derives satisfaction from consuming tacos: those from Taco Bell and those from Chipotle

a.  Graph the budget line of the consumer under the assumption that he is offered a “buy three, get one free” deal at Taco Bell (limit one free taco).

b.  On separate graph, show the same deal if offered by Chipotle

c.  On a third graph, show the consumer’s budget line of both Taco Bell and Chipoltle are simultaneously offering this deal.

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