If a household has an income of $40 and buys only bus rides at $2 each and

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If a household has an income of $40 and buys only bus rides at $2 each and magazines at $4 each, what is the equation of the household’s budget line?

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:09 AM

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If a household has an income of $40 and buys only bus rides at $2 each and

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The budget equation states that a households spending must equal its income The bu...View the full answer

Microeconomics

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