ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
DVDs (per month)
10-
9-
8-
5
4
3
3-
2-
1-
1
A
7
Books (per month)
2 3 4 5 6
-0
8
9
10
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Transcribed Image Text:DVDs (per month) 10- 9- 8- 5 4 3 3- 2- 1- 1 A 7 Books (per month) 2 3 4 5 6 -0 8 9 10
On the diagram to the right is plotted a single bundle of 2 books and 3
DVDs consumed per month. This bundle is a point on the consumer's
budget constraint.
If the price of one book is $135.00 and one DVD is $90.00, then
the consumer's level of monthly income is $540 (round your answer to
the neareast dollar).
Use the line drawing tool to draw the consumer's budget constraint. Label
this line 'Budget'.
Carefully follow the instructions above, and only draw the required object.
expand button
Transcribed Image Text:On the diagram to the right is plotted a single bundle of 2 books and 3 DVDs consumed per month. This bundle is a point on the consumer's budget constraint. If the price of one book is $135.00 and one DVD is $90.00, then the consumer's level of monthly income is $540 (round your answer to the neareast dollar). Use the line drawing tool to draw the consumer's budget constraint. Label this line 'Budget'. Carefully follow the instructions above, and only draw the required object.
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