Gorgeousleny of course as a consumer have so many thing in mind to buy aside from juice. with her income of P150; price of bread is P6 and price of juice is P12. But for now she would like to add in her cart candies and price is P3. a. Draw a three dimensional graph. b. What is the opportunity cost of juice in terms of bread? c. What is the opportunity cost of juice in terns of candy? d. What is the opportunity cost of bread in terms of candy?

Gorgeousleny of course as a consumer have so many thing in mind to buy aside from juice. with her income of P150; price of bread is P6 and price of juice is P12. But for now she would like to add in her cart candies and price is P3. a. Draw a three dimensional graph. b. What is the opportunity cost of juice in terms of bread? c. What is the opportunity cost of juice in terns of candy? d. What is the opportunity cost of bread in terms of candy?

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 12PA

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