Each head of broccoli costs 2 and each bag of peas costs 1, Econometrics

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Each head of broccoli costs 2 and each bag of peas costs 1

Consider an economy with two goods--broccoli and peas. Each head of broccoli costs $2 and each bag of peas costs $1. George has a budget of $20 to spend on broccoli and peas. But George is allergic to broccoli and would never buy it no matter how cheap it was or how much money he had. What is George's budget line if peas are on the horizontal axis and broccoli is on the vertical axis?

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Econometrics: Each head of broccoli costs 2 and each bag of peas costs 1

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Econometrics: Each head of broccoli costs 2 and each bag of peas costs 1

Reference No:- TGS0577218

Have a Question? (oR Write a Review)

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Request for Solution File

Ask an Expert for Answer!!

Econometrics: Each head of broccoli costs 2 and each bag of peas costs 1

Reference No:- TGS0577218

Recent Questions Asked Econometrics

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