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Coolguy80 Coolguy80
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2 years ago

With a budget of $500 000, a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination) for use in classrooms.

Short description: A graph plots laptop computers against textbooks. Long description: The horizontal axis representing laptop computers ranges from 0 to 2000, in increments of 1000. The vertical axis representing textbooks ranges from 0 to 20000, in increments of 5000. The graph plots five points and a line. The points are approximately at the following coordinates: A (500, 16000), B (500, 10200), C (1000, 10500), D (1500, 11500), and E (1500, 6000). The line begins at (0, 20000), passes through the points, A, C, and E, and ends at (2000, 0). Note: All values are approximated.

FIGURE 1-2

Refer to Figure 1-2. What is the price of a laptop computer in this example?



▸ $100

▸ $40

▸ $50

▸ $25

▸ $250
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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marlboromanmarlboroman
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2 years ago
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