Linda loves buying shoes and going out to dance. It costs Linda $50 to buy a new pair of shoes or to spend an evening out dancing. Assume that she has $500 to spend on shoes and dancing. 1. What is the equation for her budget line? Draw it with T on the vertical axis and la
Linda loves buying shoes and going out to dance. It costs Linda $50 to buy a new pair of shoes or to spend an evening out dancing. Assume that she has $500 to spend on shoes and dancing. 1. What is the equation for her budget line? Draw it with T on the vertical axis and la
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Linda loves buying shoes and going out to dance. It costs Linda $50 to buy a new pair of shoes or to spend an evening out dancing. Assume that she has $500 to spend on shoes and dancing.
1. What is the equation for her budget line? Draw it with T on the vertical axis and label the slope and intercept.
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