Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVS) for your summer business and snowmobiles for your winter business. Your budget for new vehicles this year is $480,000. ATVS cost $12,000 each and snowmobiles cost $16,000 each. a. Draw the budget line for your purchase of new vehicles. Use the line drawing tool to draw a budget line. Properly label this line. Place end points one on horizontal and one on vertical axes. Carefully follow the instructions above, and only draw the required objects.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Suppose you own an outdoor recreation company and you want to purchase
all-terrain vehicles (ATVS) for your summer business and snowmobiles for your
winter business. Your budget for new vehicles this year is $480,000. ATVS cost
$12,000 each and snowmobiles cost $16,000 each.
Budget Line
100,
90-
a. Draw the budget line for your purchase of new vehicles.
80-
Use the line drawing tool to draw a budget line. Properly label this line. Place end
7어
points one on horizontal and one on vertical axes.
60-
Carefully follow the instructions above, and only draw the required objects.
50어
40-
30
20어
10-
L1
04
o 10 20 3o 40 50 60 70 80 90 10o
Number of ATVS
Edit coordinates (40,0)
Editing:
Delete Clear
Line tool
Number of Snowmobiles
Transcribed Image Text:Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVS) for your summer business and snowmobiles for your winter business. Your budget for new vehicles this year is $480,000. ATVS cost $12,000 each and snowmobiles cost $16,000 each. Budget Line 100, 90- a. Draw the budget line for your purchase of new vehicles. 80- Use the line drawing tool to draw a budget line. Properly label this line. Place end 7어 points one on horizontal and one on vertical axes. 60- Carefully follow the instructions above, and only draw the required objects. 50어 40- 30 20어 10- L1 04 o 10 20 3o 40 50 60 70 80 90 10o Number of ATVS Edit coordinates (40,0) Editing: Delete Clear Line tool Number of Snowmobiles
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