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Suppose a consumer had a budget of $64.40. The price of Good X is $7 and...

Suppose a consumer had a budget of $64.40. The price of Good X is $7 and the price of Good Y is $35. Calculate value of the x-intercept of the budget line. (Round to the nearest two decimal places if necessary.)

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Answer #1

Given, Budget () 4o price for good x (Pr)= price for good y(rv) = 43s Tar bidget line the x- intercept value Therefore here ths laudget linels line Is x-intercapt Valua is 9.2

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