Slope of the budget line, What is the slope of the budget line for apples and bananas if, Microeconomics

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Slope of the budget line

Assume that a consumer has $12 in income and she can buy only two goods, apples or bananas. The price of an apple is $1.50 and the price of a banana is $0.75.

What is the slope of the budget line for apples and bananas if apples were graphed on the horizontal axis and bananas were graphed on the vertical axis?

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Microeconomics: Slope of the budget line

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Microeconomics: Slope of the budget line

Reference No:- TGS064106

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Slope of the budget line

Reference No:- TGS064106

Recent Questions Asked Microeconomics

Q : Significance of income elasticity coefficients

Q : Advantages of using capital in the production process

Q : Find the probability that battery was from manufacturer two

Q : Accountants improve their decision-making

Q : Slope of the budget line

Q : Who were the people behind the expansion

Q : Determining the violation of the law of demand

Q : Compute the equivalent units of production for each input

Q : Evaluate market system is profit-and-loss system

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