Suppose consumer derives satisfaction from consuming tacos

Reference no: EM13698956

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

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 Chipoltle.

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

Reference no: EM13698956

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