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Homework (3) - Key Answer
Homework (3) - Key Answer
Homework (3) - Key Answer
60 120
40 100
BL BL2
Y
80
20
60
Y
0 40
0 50 100 150
20
X
0
0 100 200 300
A) X
−𝑷𝑿
B) slope BL= = −𝟎. 𝟓
𝑷𝒚
C)
60
50
40
30
Y
20
10 BL2
0
0 20 40 60 80 100 120
X
Case(2): Assume that Salma has $44 to spend on books and movies each month. Movies cost
$8 each, and books cost $10 each. Salma’s preferences for movies and books are summarized
by the following information: (7)