The state of Missouri in the US receives $3.6 billion from federal sources to spend on highways and/or subways. Each mile of subway costs $40 million. Each mile of highway costs $5 million. If the number of miles of subway constructed is put on the vertical axis of a graph and the number of miles of highway constructed is put on the horizontal axis, the slope of the budget line will be ... -0.255 -0.125 -0.165 -0.184 -0.212 -0.142
The state of Missouri in the US receives $3.6 billion from federal sources to spend on highways and/or subways. Each mile of subway costs $40 million. Each mile of highway costs $5 million. If the number of miles of subway constructed is put on the vertical axis of a graph and the number of miles of highway constructed is put on the horizontal axis, the slope of the budget line will be ... -0.255 -0.125 -0.165 -0.184 -0.212 -0.142
Chapter1: Making Economics Decisions
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Transcribed Image Text:Question 24
The state of Missouri in the US receives $3.6 billion from federal sources to spend
on highways and/or subways. Each mile of subway costs $40 million. Each mile of
highway costs $5 million. If the number of miles of subway constructed is put on the
vertical axis of a graph and the number of miles of highway constructed is put on the
horizontal axis, the slope of the budget line will be
-0.255
-0.125
-0.165
-0.184
-0.212
-0.142
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