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Suppose Hans is planning to join a fitness club. Membership in the club will allow Hans to exercise for half price. Normally the exercise cost
Suppose Hans is planning to join a fitness club. Membership in the club will allow Hans to exercise for half price. Normally the exercise cost is $10. If Hans has an income of $200, the club membership fee is $50 (assume that we plot the number of exercises on the horizontal axis and a "composite good" which has a price of $1 on the vertical axis)
What is the slope of Hans's budget line before joining the club?
Question 15 options:
-20
-10
-5
-2.5
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