Slope of a budget line = - price of good 2 / price of good 1. Healthy
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Question:
Slope of a budget line = - price of good 2 / price of good 1.
Healthy Meals and Unhealthy Snacks | |||
Budget | Price of Healthy Meals (Good 1) | Price of Unhealthy Snacks (Good 2) | |
Scenario 1 | $80.00 | $5.00 | $2.00 |
Scenario 2 | $80.00 | $5.00 | $1.25 |
Scenario 3 | $120.00 | $5.00 | $2.00 |
Scenario 3:
- What is the X intercept?
- What is the Y intercept?
- What is the slope?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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