Going to concerts and reading books take time and money. Suppose a book costs $10 and takes 3 hours to read and a concert costs $20 and takes 3 hours….
- Going to concerts and reading books take time and money. Suppose a book costs $10 and takes 3 hours to read and a concert costs $20 and takes 3 hours. For a person with $80 to spend and 18 hours for these activities:
- What is the maximum number of books this person can read in that time?
- What is the maximum number of concerts this person can attend?
- Sketch the budget constraint.
- Sketch the time constraint.
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