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Olivia's income is $150 a year and she spend all of it on music CDs and movies on DVDs. The price of a music CD
Olivia's income is $150 a year and she spend all of it on music CDs and movies on DVDs. The price of a music CD is $8 and the price of a DVD is $10. a) What is Olivia's real income in terms of CDs? What is her real income in terms of DVDs? b) Draw a graph of Olivia's budget line (with CDs on the horizontal axis). What is the slope of Olivia's budget line? What determines its magnitude
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Industrial Relations in Canada
Authors: Fiona McQuarrie
4th Edition
978-1-118-8783, 1118878396, 9781119050599 , 978-1118878392
