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Ryan37sport Ryan37sport
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A year ago
Suppose Jillian will spend $250 on books per year, even if her income is zero. As her income rises, she will spend 8% of each additional dollar of income on books. Choose the correct mathematical equation that describes the functional relation between her spending on books (B) and her income (Y).

▸ Y = 250 - 8Y

▸ B = 250 + 0.08 Y

▸ B = 250 + 0.02Y

▸ Y = 250 - 0.02 Y

▸ B = 250 + 0.2Y
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Microeconomics

Microeconomics


Edition: 17th
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jd1044jd1044
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