Answer to Question #283660 in Microeconomics for Awan

Question

In problem 5, Max’s sister gives him euros20 to spend on his leisure pursuits, so he now has euros55.

a) Draw a graph that shows Max’s consumption possibilities.

b) How many hours does Max choose to windsurf and how many hours does he choose to snorkel now that he has euro55 to spend?

Answer 1

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