Suppose you have $120 to spend on CDs and movies. The price of a CD is $6, and the price of a movie is $10. a. Using Figure 1A.6 in the text as a model, use the line drawing tool to show the relationship between the number of CDs (on the horizontal axis) and movies (on the vertical axis) you can afford to buy. Label this line 'Budget. Note: if you are not prompted for a label, you have used the wrong drawing tool b. The slope of the line is movies per CD. (Enter your response rounded to two places- don't forget the minus sign.) Number of Movies 14- 12- 10- Budget 10 12 14 16 18 20 22 Number of CDs

Suppose you have $120 to spend on CDs and movies. The price of a CD is $6, and the price of a movie is $10. a. Using Figure 1A.6 in the text as a model, use the line drawing tool to show the relationship between the number of CDs (on the horizontal axis) and movies (on the vertical axis) you can afford to buy. Label this line 'Budget. Note: if you are not prompted for a label, you have used the wrong drawing tool b. The slope of the line is movies per CD. (Enter your response rounded to two places- don't forget the minus sign.) Number of Movies 14- 12- 10- Budget 10 12 14 16 18 20 22 Number of CDs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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