Rummy has $40 a week to spend on burgerand cake.The price of burger is $5 and theprice of cake is $2 a slice1.if the price of cake doubles while the priceof burger remains at $5 and rummys incomeremains at $40 describe the change in hisbudget line

It is given that the consumer prefers burger (B) and cake (C). The price of B and C are equal to $5…

Answered: Rummy has $40 a week to spend on burger…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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dont use chatgpt answer and correct answer i will 10 upvotes.
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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 rummys income is $20 and all the money spend to purchase burger how many burger he can purchase

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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