A-Level经济例题解析及练习Budget Constraint

知识点：Budget Constraint

例题

Question: Budget Constraint

Hurley’s income:  $1200, Prices: PF = $4 per fish, PM = $1 per mango

A.   If Hurley spends all his income on fish, how many fish does he buy?

B.   If Hurley spends all his income on mangos, how many mangos does he buy?

C.   If Hurley buys 100 fish, how many mangos can he buy?

D.   Plot each of the bundles from parts A – C on a graph that measures fish on the horizontal axis and mangos on the vertical, connect the dots.

E.    Show what happens to Hurley’s budget constraint if:

1.    His incom