f your income is $60 and the prices of product A and product B are $4 and $3, respectively, how many units of product B can you purchase when all your ncome will be used to purchase product B only? Use a number, no decimal value, no commas, no space, no unit of measurement. * Your answer f your income is $60 and the prices of product A and product B are $4 and $3, respectively, what would be the function of the budget line, when product A is assigned on the Y axis? * ● Qb = 20 - 1.33 Qa ● Qa = 15 - 0.75 Qb O Qb = 15 - 1.33 Qa Qa = 20 - 0.75 Qb

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
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If your income is $60 and the prices of product A and product B are $4 and $3,
respectively, how many units of product B can you purchase when all your
income will be used to purchase product B only? Use a number, no decimal value,
no commas, no space, no unit of measurement. *
Your answer
If your income is $60 and the prices of product A and product B are $4 and $3,
respectively, what would be the function of the budget line, when product A is
assigned on the Y axis? *
O Qb = 20 - 1.33 Qa
O Qa = 15 - 0.75 Qb
O Qb = 15 - 1.33 Qa
%3D
Qa = 20 - 0.75 Qb
Transcribed Image Text:If your income is $60 and the prices of product A and product B are $4 and $3, respectively, how many units of product B can you purchase when all your income will be used to purchase product B only? Use a number, no decimal value, no commas, no space, no unit of measurement. * Your answer If your income is $60 and the prices of product A and product B are $4 and $3, respectively, what would be the function of the budget line, when product A is assigned on the Y axis? * O Qb = 20 - 1.33 Qa O Qa = 15 - 0.75 Qb O Qb = 15 - 1.33 Qa %3D Qa = 20 - 0.75 Qb
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