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Suppose that as a consumer you have $34 per month to spend for entertainment, either on movies which cost $6 each or on ice cream
Suppose that as a consumer you have $34 per month to spend for entertainment, either on movies which cost $6 each or on ice cream which cost $4 each. Placing movies on the vertical axis and ice cream on the horizontal axis, what is the intercept of the vertical axis of the budget constraint? Round I{our answer to 2 decimal places. Answer: Suppose that as a consumer vou have $34 per month to spend for entertainment, either on movies which cost $6 each or on ice cream which cost $4 each. Placing movies on the vertical axis and ice cream on the horizontal axis, what is the best interpretation of the slope of the budget line? C) a. For every ice cream I consume, l have to give up ~23 of a movie. 0 b. For every movie | consume. I have to give up ~31? of an ice cream. 0 c. For every movie | consume, l have to give up ~2J'3 of an ice cream. 0 d. For every ice cream I consume, l have to give up ~32? of a movie
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