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    Best Affordable Bundle and Allocation

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    A skier needs two pair of skis for every pair of bindings, due to wear and tear. Income equals $3600. Skis are $480 per pair bindings are $240 per pair.

    What is the skiers' best affordable bundle of skies & binding, given this information? (Note—This is a very simple question regarding a budget allocation—don't make it more difficult than it is.)

    © BrainMass Inc. brainmass.com October 10, 2019, 1:08 am ad1c9bdddf
    https://brainmass.com/economics/preferences-choice/best-affordable-bundle-allocation-322052

    Solution Preview

    The problem states that the skier needs two pair of skis for every pair of bindings. When setting up the formula to solve this problem, we will use 'S' for skis and 'B' for bindings.

    The problem also gives $480 for the cost of skis ...

    Solution Summary

    The expert determines what is the skier' best affordable bundle of skies and binding.

    $2.19