Draw the budget constraint for in-state phone calls


Continental Long Distance Telephone Service offers an optional package for in-state calling whereby each month the subscriber gets the first 50 min of in-state calls free, the next 100 min at $.25/min, and any additional time at the normal rate of $.50/min. Draw the budget constraint for in-state phone calls and the composite good for a subsciber with an income of $400/mo.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Draw the budget constraint for in-state phone calls
Reference No:- TGS072021

Expected delivery within 24 Hours