Suppose you have 120 to spend on food and clothing the, Business Economics

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Suppose you have 120 to spend on food and clothing the

Suppose you have $120 to spend on food and clothing. The price of food is $4 and the price of clothing is $8. a, Graph your budget constraint; calculate the slope of it. b, Briefly explain why your optimal choice is the point at which your budget constraint is tangent to an indifference curve.

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Business Economics: Suppose you have 120 to spend on food and clothing the

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