2. Ruby buys goods X and Y. She can just afford the bundle X = 6...

2. Ruby buys goods X and Y. She can just afford the bundle X = 6 and Y = 3 and one x will cost her 3 units of y.

a. What is the ratio of the price of x to the price of y?

b. If Ruby spent all her money on x, how much x could she buy? If she spent all your money on y, how much y could she buy? Show work.

c. Write an equation that gives you Ruby's budget line when the price of x is 6. Show work

Expert Solution

Rahul Sunny answered 2 years ago

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