Scenario: Tom's Budget Constraint
Tom is trying to decide how to allocate his $50 budget for music downloads and online movie streaming when the price of a music download is $1 and the price of a movie is $5.
(Scenario: Tom's Budget Constraint) Look at the scenario Tom's Budget Constraint.If we measure music downloads on the horizontal axis and movies on the vertical axis, the slope of Tom's budget line is:
A.-10.
B.-1/5.
C.-2.
D.-1/2.
Correct Answer:
Verified
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