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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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