Solved: Determine dereks income and draw his budget line, Microeconomics

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Determine dereks income and draw his budget line

Problem

The price of CDs is $15 and the price of pizzas is $10. Derek spends all of his income buying 2 CDs and 6 pizzas per week (and nothing else). Determine Derek's income, draw his budget line and represent his utility-maximizing point using an indifference curve.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Determine dereks income and draw his budget line

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