Marc has a budget of $16 a month to spend on root beer and movie tickets. The price of root beer is $2 a bottle, and the price of a movie ticket is $4. Draw points to show the combination of movie tickets and root beer Marc buys when: 1) he uses all his income to buy root beer. Label it 1. 2) he uses all his income to buy movie tickets. Label it 2. Draw Marc's budget line. Label it. ... What is the slope of Marc's budget line? The slope of Marc's budget line is. >>> Answer to 1 decimal place. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. What determines the value of the slope of Marc's budget line? The magnitude of the slope of the budget equals the

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Marc has a budget of $16 a month to spend on root beer
and movie tickets. The price of root beer is $2 a bottle, and
the price of a movie ticket is $4.
Draw points to show the combination of movie tickets and
root beer Marc buys when:
1) he uses all his income to buy root beer. Label it 1.
2) he uses all his income to buy movie tickets. Label it 2.
Draw Marc's budget line. Label it.
What is the slope of Marc's budget line?
The slope of Marc's budget line is.
>>> Answer to 1 decimal place.
>>> If your answer is negative, include a minus sign. If your
answer is positive, do not include a plus sign.
What determines the value of the slope of Marc's
budget line?
The magnitude of the slope of the budget equals the
Transcribed Image Text:Marc has a budget of $16 a month to spend on root beer and movie tickets. The price of root beer is $2 a bottle, and the price of a movie ticket is $4. Draw points to show the combination of movie tickets and root beer Marc buys when: 1) he uses all his income to buy root beer. Label it 1. 2) he uses all his income to buy movie tickets. Label it 2. Draw Marc's budget line. Label it. What is the slope of Marc's budget line? The slope of Marc's budget line is. >>> Answer to 1 decimal place. >>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign. What determines the value of the slope of Marc's budget line? The magnitude of the slope of the budget equals the
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