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bananas87 bananas87
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A year ago
Suppose Ahmoud would spend $1200 per year on travel, even if his annual income were zero. As his income rises, he would spend 20% of each additional dollar of income on travel. Choose the correct mathematical equation that describes the functional relation between his travel spending (T) and his income (Y).

▸ T = 1200 + 0.2Y

▸ Y = 1200 - 0.2T

▸ T = 1200 + 0.8Y

▸ T = 0.2 + 1200Y

▸ Y = 1200 + 0.2T
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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marksonbolmarksonbol
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A year ago
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bananas87 Author
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A year ago
Thanks
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Yesterday
Thank you, thank you, thank you!
kc123
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2 hours ago
This helped my grade so much Perfect
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