Business, 11.02.2020 17:28 reesemf2006
Assume that the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume that the price of X is $3 and the price of Y is $6. If Amanda has $90 to spend on X and Y, then
a. she can buy, at most, 30 units of good X.
b. her budget line has a slope of –2.
c. her budget line has a slope of −3.
d. she can buy, at most, 15 units of good X.
Answers: 1
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Assume that the quantity of X is measured on the horizontal axis, and the quantity of Y is measured...
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