Presume richard has an after-tax income of 500 per week and, Microeconomics

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Presume richard has an after-tax income of 500 per week and

Presume Richard has an after-tax income of $500 per week and should spend it all on food or clothing. If food is $5 per pound and clothing is $20 per piece, draw his budget line on a piece of graph paper, where the amount of food is gauged along the vertical axis and the amount of clothing is measured along the horizontal axis.

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Microeconomics: Presume richard has an after-tax income of 500 per week and

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