Question #47516

jake is in a band and likes to advertise upcoming shows using flyers he posts around the city. Making one black-and-white flyer costs $0.05, and making a flyer in color costs $0.10. Jake budgets $25.00 for making flyers each month.

The following graph shows three of Jake's indifference curves for the number of black-and-white and color flyers that he makes.

Use the green line (triangle symbol) to plot Jake's budget constraint. Then, place the black point (plus symbol) on the graph to indicate Jake's optimal consumption choice given that budget constraint.

The following graph shows three of Jake's indifference curves for the number of black-and-white and color flyers that he makes.

Use the green line (triangle symbol) to plot Jake's budget constraint. Then, place the black point (plus symbol) on the graph to indicate Jake's optimal consumption choice given that budget constraint.

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