Register
Suppose that a there are two goods, X and Y. The price of Good X is $5 and the price of Good Y is $10. The seller of Good X offers a deal where if a consumer buys 1 unit of Good X they pay full price,
79.5k views
2 votes
Suppose that a there are two goods, X and Y. The price of Good X is $5 and the price of Good Y is $10. The seller of Good X offers a deal where if a consumer buys 1 unit of Good X they pay full price, but the second unit of Good X is only $2.

Calculate the slope of the budget constraint between 1 unit of Good X and 2 units of Good X.

(Remember to include a negative sign. Round to the nearest two decimal places if necessary.)

User Kendomen
by
5.8k points

1 Answer

3 votes

Answer:

The slope of the budget constraint is -0.2. The solution is attached in the picture below

Step-by-step explanation:

Suppose that a there are two goods, X and Y. The price of Good X is $5 and the price-example-1
Suppose that a there are two goods, X and Y. The price of Good X is $5 and the price-example-2
User Dulacp
by
6.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.7m questions

9.0m answers

Other Questions

One reason that businesses want to combine with other businesses is to A. avoid taxes. B. delay expenses. C. hire more workers. D. reduce expenses.
Which of the following possesses the sole power to create revenue bills?
Which of the following is an example of a fixed expense? A.) Clothing B.) Rent C.) Food D.) Entertainment
A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and reporters in hopes of stimulating favorable stories about their organizations"
Individuals are free to produce and sell whatever products they wish
Link Copied!