What is the slope being the price ration and the mrs

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Reference no: EM132200971

Question: Objective: determine the X quantities for X and Y, given Price (P) and Income (I):

Plot the budget lines associated with the following information: (ON EXAM)

a) PX = $5, PY = $8, I = $80

b) PX = $4, PY = $10, I = $60

What is the slope, being the price ration and the MRS?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132200971

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