Calculate the slope of sue''s budget constraint

Reference no: EM131100140

1. Using the information provided in Problem F-3, illustrate Sue's indifference curve, with water on the horizontal axis and soft drinks on the vertical axis.

2. Sue's monthly budget for bottled water and soft drinks is $23. The price of bottled water is $1 per bottle, and the price of soft drinks is $2 per bottle. Calculate the slope of Sue's budget constraint. Given this information and the information provided in Problem F-3, find the combination of goods that satisfies Sue's utility maximization problem in light of her budget constraint.

Reference no: EM131100140

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