Petra has $480 to spend on DVDs and books. A book costs $24 and a DVD costs

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Petra has $480 to spend on DVDs and books. A book costs $24 and a DVD costs $15.
a. Write an equation for the budget constraint. Let x = 5 books. Let y = 5 DVDs.
b. Use your equation to determine how many books Petra can buy if she buys 8 DVDs.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:14 AM

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Petra has $480 to spend on DVDs and books. A book costs $24 and a DVD costs

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a 480 24 x 15 y b 480 ...View the full answer

Microeconomics

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