What is the budget constraint facing an individual

Reference no: EM131324496

Since 1979, recipients have been given food stamps. Before 1979, people bought food stamps at a subsidized rate. For example, to get $1 worth of food stamps, a household paid about 15¢ (the exact amount varied by household characteristics and other factors). What is the budget constraint facing an individual if that individual may buy up to $100 per month in food stamps at 15¢ per each $1 coupon?

Reference no: EM131324496

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