If the price of biscotti is $1.50 and the price of a cappuccino is $3.00, what is the slope of the budget constraint? O A. - 1/2 OB. -2 OC. (3.00 1.50)/(3.00+ 1.50) = -1/3 D. The slope cannot be determined without the value of income. Biscotti Cappuccino (cups)

If the price of biscotti is $1.50 and the price of a cappuccino is $3.00, what is the slope of the budget constraint? O A. - 1/2 OB. -2 OC. (3.00 1.50)/(3.00+ 1.50) = -1/3 D. The slope cannot be determined without the value of income. Biscotti Cappuccino (cups)

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Consumer Choice And Demand

Section: Chapter Questions

Problem 2.5P

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Don't use chat gpt..

If the price of biscotti is $1.50 and the price of a cappuccino is $3.00, what is the
slope of the budget constraint?
O A. - 1/2
OB. -2
OC. (3.00 1.50)/(3.00+ 1.50) = -1/3
D. The slope cannot be determined without the value of income.
Biscotti
Cappuccino (cups)

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