If Sam has $60.00 each week to spend on gasoline and coffee, and their respective prices are $1.50 per gallon and $3.00 per pound, which of the following equations represents his budget line? A) $60.00 = $1.50/Q_g + $3.00/Q_c B) $60.00 = Q_g /$1.50 + Q_c /$3.00 C) $60.00 = $1.50(Q_g) + $3.00(Q_c) D) $60.00 = $1.50(Q_g) - $3.00(Q_c)

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The budget line equation is the equation of a line that represents all the possible combinations of goods that a consumer can purchase with a given budget. The equation is typically written in the form of Y = a + bX, where Y is the total amount of money spent, X is the quantity of one good purchased, and a and b are constants. In this case, the budget line equation is $60.00 = $1.50(Q_g) + $3.00(Q_c), where Q_g is the quantity of gasoline purchased and Q_c is the quantity of coffee purchased.

If Sam Has $60