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`George has income (M) equal to $80. Price of good 1 is $4 and Price of...

`George has income (M) equal to $80. Price of good 1 is $4 and Price of good 2 is $5. Give the equation of George’s budget line and Illustrate George’s budget line on the graph below. What is the slope of the budget line?_________________________________________ Are the following consumption bundles affordable? (5 , 12) yes/ no (6, 10) yes/ no (20, 3) yes/ no (10, 8) yes/ no

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2. o 노 Slope ! Yes (20,3) 2) +s(3) 45-No

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