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billyhilly billyhilly
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5 years ago Edited: 5 years ago, bio_man
Figure 10-9




Refer to Figure 10-9. If the price of biscotti is $1.50 and the price of a cappuccino is $3.00, what is the slope of the budget constraint?

• -2

• -(3.00 - 1.50)/(3.00 + 1.50) = -1/3

• -1/2

• The slope cannot be determined without the value of income.
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Microeconomics

Microeconomics


Edition: 7th
Authors:
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wasanwasan
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5 years ago
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billyhilly Author
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5 years ago
Helped a lot
Shassta22
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Thank you, thank you, thank you!
dri
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this is exactly what I needed
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