Use the graph on the right to sketch the budget constraint. 1.) Using the line drawing tool, sketch the following budget constraint. Label your line 'BC'. Px $24.00 Py $15.00 Income $480.00 Note: Carefully follow the instructions above and only draw the required object. ID 32- 28- 24- 20 Units of Y 6. 12- 8- 8 16 Units of X 12 20 24 28

Use the graph on the right to sketch the budget constraint. 1.) Using the line drawing tool, sketch the following budget constraint. Label your line 'BC'. Px $24.00 Py $15.00 Income $480.00 Note: Carefully follow the instructions above and only draw the required object. ID 32- 28- 24- 20 Units of Y 6. 12- 8- 8 16 Units of X 12 20 24 28

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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