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Figure 10-9 -Refer to Figure 10-9.If the Price of Biscotti Is $1.50

Question 291

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Figure 10-9 -Refer to Figure 10-9.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?

Figure 10-9
Figure 10-9 -Refer to Figure 10-9.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? A) -2 B) -(3.00 - 1.50) /(3.00 + 1.50) = -1/3 C) -1/2 D) The slope cannot be determined without the value of income.
-Refer to Figure 10-9.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?


A) -2
B) -(3.00 - 1.50) /(3.00 + 1.50) = -1/3
C) -1/2
D) The slope cannot be determined without the value of income.

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