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Individuals can either purchase tutoring hours at $20/ hour or unlimited tutor hours for a fixed monthly fee of $200. There are two different type of individuals, one who uses few tutoring hours and one who uses many. Make two different graphs to show the individual’s MRS at the optimal choices under each option. Assume Income is $1000 per month for both individuals and show indifference curves.

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Individuals can either purchase tutoring hours at $20/ hour or unlimited

tutor hours for a fixed monthly fee of $200.
There are two different type of individuals, one who uses few tutoring hours and one who uses many.
Make two different graphs to show the individual’s MRS at the optimal choices under each option.
Assume Income is $1000 per month for both individuals and show indifference curves.

 
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