Question: Ch 1 Sec 2: Problem 21 Previous Problem Problem List Next Problem (1 point) Suppose you have a budget of 500 dollars for one month.

 Ch 1 Sec 2: Problem 21 Previous Problem Problem List Next

Problem (1 point) Suppose you have a budget of 500 dollars for

Ch 1 Sec 2: Problem 21 Previous Problem Problem List Next Problem (1 point) Suppose you have a budget of 500 dollars for one month. You would like to buy some textbooks and CDs. The average cost of a book is 45 dollars each and that of a CD is 13 dollars each. Let x denote the number of books you buy and y denote the number of CDs that you buy. (a) Write the equation of your budget constraint in the form y=mx+b, where m and b are numbers to be determined. Answer: y= (b) If you decide to buy just one textbook, how many CDs can you afford? Enter the number of CDs as a whole number. Answer: I can buy CDS. Note: You can earn partial credit on this

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