Answer: (c)
Budget line is : 300= 50B+60M
Vertical intercept: B = 300/50
= 6
Horizontal intercept: 300/60
= 5
The graph below shows indifference curves and budget lines that Keziah faces when she purchases boots...
7) The picture below shows several indifference curves of a consumer and several budget lines: X2 1 2 3 4 5 6 7 8 9 10 11 12 Note that the lines passing through A, C, and E are parallel. Also the lines passing through B, D, and F are parallel. Move over at each bundle labeled with a letter, the budget line and indifference curve passing through that bundle are tangent. The consumption levels at each of the labeled...