Calculate the slope of the budget constraint

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Reference no: EM13986808

Calculate the slope of the budget constraint M=P1X1+P2X2

a. using the equation for a straight line

b. using the rise/run method

c. Demonstrate how you would find the slope of an indifference curve

d. Explain how the slope of an indifference curve provides information about how much a consumer likes one good relative to another

Reference no: EM13986808

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