Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 4SCQ: As a college student you work at a part-time job, but your parents also send you a monthly...
Related questions
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8241480b-1130-4858-91d1-8e61f943dc4f%2F066c3fba-40f5-4360-bb12-16de4dce4c9d%2F8b83ec8_processed.jpeg&w=3840&q=75)
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8241480b-1130-4858-91d1-8e61f943dc4f%2F066c3fba-40f5-4360-bb12-16de4dce4c9d%2F29y0rbq_processed.jpeg&w=3840&q=75)
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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