Hira has Rs.1200 a week to spend on yogurt and mangoes. The price of yogurt is Rs.200, and mangoes are Rs.400 a box. (Hint: Quantity of mangoes to be plotted on the x-axis of the budget line) 1. Calculate the Y-intercept for the budget line. 2. Calculate the X-intercept for the budget line. 3. Calculate the slope of the budget line.

Hira has Rs.1200 a week to spend on yogurt and mangoes. The price of yogurt is Rs.200, and mangoes are Rs.400 a box. (Hint: Quantity of mangoes to be plotted on the x-axis of the budget line) 1. Calculate the Y-intercept for the budget line. 2. Calculate the X-intercept for the budget line. 3. Calculate the slope of the budget line.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section6.A: Indifference Curve Analysis

Problem 8SQ

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Question

Hira has Rs.1200 a week to spend on yogurt and mangoes. The price of yogurt is Rs.200, and mangoes are Rs.400 a box. (Hint:
Quantity of mangoes to be plotted on the x-axis of the budget line)
1. Calculate the Y-intercept for the budget line.
2. Calculate the X-intercept for the budget line.
3. Calculate the slope of the budget line.

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