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You have $16 to spend purchasing Krystal burgers ("good X") and tallboy cans of PBR ("good Y"), which cos! S0.4 UE and $8 each, respectively. For convenience, assume that both goods can be purchased in fractions when needed. a.) The slope of this budget constraint is.

You have $16 to spend purchasing Krystal burgers ("good X") and tallboy cans of PBR ("good Y"), which cos! S0.4 UE and $8 each, respectively. For convenience, assume that both goods can be purchased in fractions when needed. a.) The slope of this budget constraint is.

Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 3SQP
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You have $16 to spend purchasing Krystal burgers ("good X") and tallboy cans of PBR ("good Y"), which cost $0.4 each and $8 each, respectively. For convenience, assume that both goods can be purchased in fractions when needed. a.) The slope of this budget constraint is. The vertical intercept of this budget constraint is The horizontal intercept of this budget constraint is (Round your responses to two decimal places and use a minus sign when necessary.) b.) Using the line drawing tool, show this budget constraint on the graph to the right. Label your line 'BC1. Carefully follow the instructions above and only draw the required object. c.) Fill in the blanks for the resulting budget constraint equation, where X is the number of Krystal burgers and Y is the number of tallboy cans of PBR: Y x+[ (Round your responses to two decimal places and use a minus sign when necessary.)
Transcribed Image Text:You have $16 to spend purchasing Krystal burgers ("good X") and tallboy cans of PBR ("good Y"), which cost $0.4 each and $8 each, respectively. For convenience, assume that both goods can be purchased in fractions when needed. a.) The slope of this budget constraint is. The vertical intercept of this budget constraint is The horizontal intercept of this budget constraint is (Round your responses to two decimal places and use a minus sign when necessary.) b.) Using the line drawing tool, show this budget constraint on the graph to the right. Label your line 'BC1. Carefully follow the instructions above and only draw the required object. c.) Fill in the blanks for the resulting budget constraint equation, where X is the number of Krystal burgers and Y is the number of tallboy cans of PBR: Y x+[ (Round your responses to two decimal places and use a minus sign when necessary.)
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