The marginal utility per dollar spent on the last orange consume is 75. If the price of an apple is $0.50, how many apples would
1 answer:
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Answer:
Step-by-step explanation:
Slope intercept form of a line is given by:
Where
m is the slope and b is the y-intercept
Given slope is
We can write:
Now to find b, we replace x with -3 and y with -4, given, so we have:
So, the equation is:
Now,
The standard form is given by:
So, we take x and y to left side and the constant to right side. Rearranging, we get:
The first answer choice is right.