Top Posters
Since Sunday
22
22
19
18
18
17
17
16
16
16
16
16
New Topic  
wrote...
Posts: 231
A month ago
Baseballs cost $5 each and baseball gloves cost $20. Assume you have $100 to spend on these items. Putting baseballs on the vertical axis, draw the budget line representing this situation. What is the slope of the budget line?
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
Read 96 times
2 Replies
Do What Makes You Come Alive
Replies
Answer verified by a subject expert
wrote...
Posts: 237
A month ago
Sign in or Sign up in seconds to unlock everything.
The budget line should be a straight line with vertical intercept at B = 20 (= $100/$5), and horizontal intercept at G = 5 (= $100/$20). The slope is -4.
1
Related Topics
wrote...
A month ago
Helps a lot... Now I'm ready for my quiz
Do What Makes You Come Alive
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  102 People Browsing
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 159

Related Images
 83
 97
 183