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In: Economics

Mary's budget line relating to hamburgers and chips or French fries has intercepts of 20 hamburgers...

Mary's budget line relating to hamburgers and chips or French fries has intercepts of 20 hamburgers and 30 orders of chips or French fries.

(i) If the price of a hamburger is $3, what is Mary's income?

(i) What is the per-order price of chips or French fries?

(iii) What is the slope of the budget line?

Solutions

Expert Solution

Rahul Sunny answered 2 years ago
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