Rummy has $40 a week to spend on burger and cake.The price of burger is $5 and the price of cake is $2 a slice 1.if the price of cake doubles while the price of burger remains at $5 and rummys income remains at $40 describe the change in his budget line Rummy has $40 a week to spend on burger and cake. The price of burger is $5 and the price of cake is $2 a slice 1.lf rummys income increases to $60 a week and the price of burger and cake remain unchanged describe the change of his budget line.
Rummy has $40 a week to spend on burger and cake.The price of burger is $5 and the price of cake is $2 a slice 1.if the price of cake doubles while the price of burger remains at $5 and rummys income remains at $40 describe the change in his budget line Rummy has $40 a week to spend on burger and cake. The price of burger is $5 and the price of cake is $2 a slice 1.lf rummys income increases to $60 a week and the price of burger and cake remain unchanged describe the change of his budget line.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Rummy has $40 a week to spend on burger
and cake.The price of burger is $5 and the
price of cake is $2 a slice
1.if the price of cake doubles while the price
of burger remains at $5 and rummys income
remains at $40 describe the change in his
budget line](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F10706691-e9c1-4ed5-876a-e515b3445dfe%2Fe7f62cbc-261e-421f-9319-c9b8a566c4ae%2F6qzkjph.jpeg&w=3840&q=75)
Transcribed Image Text:Rummy has $40 a week to spend on burger
and cake.The price of burger is $5 and the
price of cake is $2 a slice
1.if the price of cake doubles while the price
of burger remains at $5 and rummys income
remains at $40 describe the change in his
budget line
![Rummy has $40 a week to spend on burger
and cake. The price of burger is $5 and the
price of cake is $2 a slice
1.lf rummys income increases to $60 a week
and the price of burger and cake remain
unchanged describe the change of his budget
line.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F10706691-e9c1-4ed5-876a-e515b3445dfe%2Fe7f62cbc-261e-421f-9319-c9b8a566c4ae%2Fenite9j.jpeg&w=3840&q=75)
Transcribed Image Text:Rummy has $40 a week to spend on burger
and cake. The price of burger is $5 and the
price of cake is $2 a slice
1.lf rummys income increases to $60 a week
and the price of burger and cake remain
unchanged describe the change of his budget
line.
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