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meriva
3 years ago
7

Suppose that a there are two goods, X and Y. The price of Good X is $5 and the price of Good Y is $10. The seller of Good X offe

rs a deal where if a consumer buys 1 unit of Good X they pay full price, but the second unit of Good X is only $2.
Calculate the slope of the budget constraint between 1 unit of Good X and 2 units of Good X.

(Remember to include a negative sign. Round to the nearest two decimal places if necessary.)

Business
1 answer:
Lemur [1.5K]3 years ago
3 0

Answer:

The slope of the budget constraint is -0.2. The solution is attached in the picture below

Explanation:

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