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principles microeconomics

label Business
account_circle Unassigned
schedule 0 Hours
account_balance_wallet $5

Suppose that Russ budget $20 a month to buy candy bars, music download or a combination of botg. If Russ buys obky candy bar he can obtain 4 bars a month. If ge buys only downloads he can buy 20 a month. 1. Draw the budget line for Russ
Oct 16th, 2017

Let x axis denote the number of candy

and y axis denote the number of downloads

At 0 downloads, he can buy 4 candies with $20

similarly with 0 candy bars he can buy 20 downloads with $20

Budget line equation is Y(downloads) = -5*X (Candy bars) + 20

Mar 11th, 2015

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