DVDs (per month)10-9-8-5433-2-1-1A7Books (per month)2 3 4 5 6-08910 On the diagram to the right is plotted a single bundle of 2 books and 3DVDs consumed per month. This bundle is a point on the consumer'sbudget constraint.If the price of one book is $135.00 and one DVD is $90.00, thenthe consumer's level of monthly income is $540 (round your answer tothe neareast dollar).Use the line drawing tool to draw the consumer's budget constraint. Labelthis line 'Budget'.Carefully follow the instructions above, and only draw the required object.

In the question above, it is given a plotted diagram of a single bundle of 2 books and 3 DVDs…

Answered: DVDs (per month) 10- 4 3- 2- 0 3 1 -2 A…

Business

Economics

DVDs (per month) 10- 4 3- 2- 0 3 1 -2 A 3 4 5 6 7 Books (per month) 8 9 10

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 4SCQ: As a college student you work at a part-time job, but your parents also send you a monthly...

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Question

DVDs (per month)
10-
9-
8-
5
4
3
3-
2-
1-
1
A
7
Books (per month)
2 3 4 5 6
-0
8
9
10

On the diagram to the right is plotted a single bundle of 2 books and 3
DVDs consumed per month. This bundle is a point on the consumer's
budget constraint.
If the price of one book is $135.00 and one DVD is $90.00, then
the consumer's level of monthly income is $540 (round your answer to
the neareast dollar).
Use the line drawing tool to draw the consumer's budget constraint. Label
this line 'Budget'.
Carefully follow the instructions above, and only draw the required object.

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Step 1: Budget constraint:-

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Step 2: Answer and Explanation-

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Step 3: Consumers budget constraint graph:-

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On the diagram to the right is plotted a single bundle of 2 books and 3 DVDS consumed per month. This bundle is a point on the consumer's budget constraint. 10- 9- If the price of one book is $135.00 and one DVD is $90.00, then the consumer's level of monthly income is $ (round your answer to the neareast dollar). 8- 7- 2- 0- 9 10 Books (per month) 15 tv MacBook Air esc 80 DIL F1 F2 F4 F5 F6 F7 FB ! @ $ & * 1 2 3 4 7 8. 9 Q W E T Y tab ps lock A S F H J X C V M control option command DVDS (per month) N * *
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