(Figure: Raymond's Indifference Curves) Use Figure Raymond's Indifference Curves. If the price of pita bread is $2 per l
Posted: Mon Apr 18, 2022 9:18 am
(Figure: Raymond's Indifference Curves) Use Figure Raymond's Indifference Curves. If the price of pita bread is $2 per loaf, the price of pepperoni is $2 per pound, and Raymond has $10 to spend on pita bread and pepperoni, Raymond's optimal consumption bundle is pita and pounds of pepperoni. Quantity of pepperoni (in pounds) 40 36 32 28 24 20 16 12 13 12 11 8 4 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Quantity of pita bread