Asked by Anonymous
you buy only apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write down the equation for the budget line with bananas on the y-axis. Is that equation unique
Answers
Answered by
bobpursley
Of course this is not unique. One could buy all apples, or all bananas. Notice that each banana is worth three apples, so one could buy 5 bananas, or 15 apples.
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