Scenario: Music Downloads and Streamed Movies Phillip has an income of $300 per month, which he uses to purchase two goods, music downloads (MD) and streamed movies (SM) .Each music download costs $1 and each streamed movie costs
$5)
(Scenario: Music Downloads and Streamed Movies) Look at the scenario Music Downloads and Streamed Movies.Which of the following equations expresses Phillip's budget line?
A) 300 = 1MD + 5SM
B) SM = 300 - 1X
C) 300 = 1/MD + 5/SM
D) SM = 300 + 5SM
Correct Answer:
Verified
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