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Draw martha budget constraint

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Suppose that Martha's income is $40,000 per year. She can spend it on health care visits, which cost $80 per visit, or on groceries (standing for all other goods), which costs $100 per bag of groceries. Draw Martha's budget constraint. Using Indifference curves, show Martha's optimum if she buys 300 bags of groceries per year.

Reference no: EM13895536

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