Ron wants to buy apples and candy for the weekend. Ron’s weekly income is $ 63. The price of apples is $ 7 per unit, and price of candy is $ 3 per…
Ron wants to buy apples and candy for the weekend. Ron’s weekly income is $ 63. The price of apples is $ 7 per unit, and price of candy is $ 3 per unit. Suppose Ron draws a buget line to make decisions, and Ron puts the quantity of apples on the y-axis, and puts the quantity of candy on the x-axis.
A. What is the slope of Ron’s budget constraint? Please enter your answer in fraction form:
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