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.