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Section 1: Budget Lines (2 points each) For questions 1-4, consider the market for coffee and donuts. Coffee costs $3, while a donut costs $2.
Section 1: Budget Lines (2 points each) For questions 1-4, consider the market for coffee and donuts. Coffee costs $3, while a donut costs $2. Assume you have $18 to spend on coffee and donuts. 1. (coffee/donuts) Which of the following accurately portrays your budget line? 10 10 A B donuts donuts -NWA NW 2 3 4 5 6 7 8 9 10 1 2 3 4 5 6 7 8 9 10 coffee coffee C D NWA now D = donuts donuts W N 1 2 3 4 5 10 1 2 4 5 67 7 8 9 10 coffee coffee
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