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Business, 19.04.2021 15:40 jazzhands16

Jerome spends his entire income on clothes and food. Draw the budget line for each of the following situations, calculating the intercepts and slope in each case. (Measure clothes on the vertical axis (Y) and food on the horizontal axis (X). I. Monthly income is $1000, the price of clothes is $8, and the price of Food is $10. II. .Monthly income is $400, the price of clothes is $8 and the price of food is $10

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Jerome spends his entire income on clothes and food. Draw the budget line for each of the following...
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