Find the quantities of meals per month and apartment size

Reference no: EM13220091

Suppose a consumer's income is M= $1,200 per month, all of which he spends on some combination of rent and restaurant meals. If restaurant meals cost $12 each and if the monthly rent for an apartment is $3 per square foot, draw this consumer's budget constraint, with this monthly quantities of restaurant meals per month on the vertical axis and apartment size on the horizontal axis. Is the bundle (300 square feet/moth, 50 meals/month) affordable?

Reference no: EM13220091

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