Question
Suppose you won R15 on a lotto ticket at a local spar and decided to spend all the winnings on candy bars and bags of
Suppose you won R15 on a lotto ticket at a local spar and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is R 0.75 and the price of peanuts is R1.50.
a)Construct a table showing the alternative combinations of the two products that are available. (6)
b)What is the slope of the budget line? (4)
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Advanced Placement Microeconomics
Authors: Bill Hurd
1st Edition
1531150306, 978-1531150303
