Best affordable bundle if your travel preferences

Assignment Help Business Economics

Reference no: EM1320202

Q. You have the option of renting a car on a daily basis for $40/day or on a weekly basis for $200/wk. draw your budget constraint for a budget of $360/trip.

a. Find out your best affordable bundle if your travel preferences are such that you require exactly $140 worth of other goods for each day of rental car consumption.

b. Alternatively, Assume you view a day of rental car consumption as a perfect substitute for $35 worth of other goods.

Reference no: EM1320202

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