Work the budget line

Exercise and reference answers

Questions

1. Answer

   -2

   Question

   Rise is -8 and run is 4. What is the slope?

2. Answer

   4

   Question

   Utility gain 20, price $5. Utility per dollar?

3. Answer

   3

   Question

   Utility gain 30, price $10. Utility per dollar?

Instructions

Type the value for each question.

Explanation