mer buys coffee (C) for $3 each and bagels (B) for $1.50 each. If she has in the slope of her budget constraint if coffee is on the x-axis and bagels are

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section21.1: The Budget Constraint: What The Consumer Can Afford
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A consumer buys coffee (C) for $3 each and bagels (B) for $1.50 each. If she has income of $40, what is the equation of her budget constraint?
What is the slope of her budget constraint if coffee is on the x-axis and bagels are on the y-axis?
Transcribed Image Text:A consumer buys coffee (C) for $3 each and bagels (B) for $1.50 each. If she has income of $40, what is the equation of her budget constraint? What is the slope of her budget constraint if coffee is on the x-axis and bagels are on the y-axis?
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