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A college student has two options for meals: eating at the dining hall for $6 per meal, or eating a Cup O’ Soup for$1.50 per meal. His weekly food budget is $60.
Draw the budget constraint showing the trade-off between dining hall meals and Cups O’ Soup. Assuming that he spends equal amounts on both goods, draw an indifference curve showing the optimum choice. Label the optimum as point A.
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