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A consumer has $100 per day to spend on product A, which has a unit price of $7, and product B, which has a unit price of $15. What is the slope of the budget line if good A is on the horizontal axis and good B is on the vertical axis?

Respuesta :

dayanandghelaro

Answer:

-15/7

Step-by-step explanation:

Let B(x1, y1) be on vertical (y-axis) then B = (0, 15) and

A(x2, y2) be on horizontal (x-axis) then A = (7, 0).

Now, slope = (y2 - y1)/(x2 - x1)

then slope = (0 - 15)/(7 - 0)

=> slope = (-15)/7

slope of the budget = -15/7

The slope on the budget is 2.14.

Data;

  • Budget = $100
  • product A = $7
  • Product B = $15
  • Slope= ?

Slope of a Line

The slope of a line is given as the ratio between the y-axis to the x-axis

The slope of the line is given as

[tex]m = \frac{\delta y}{\delta x}[/tex]

Let's substitute the values and solve

[tex]m = \frac{15}{7}=2.14[/tex]

The slope on the budget is 2.14.

Learn more on slope here;

https://brainly.com/question/3493733

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