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Draw a budget line diagram

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Reference no: EM131581262

Question: Budget lines can be used to analyze various kinds of tradeoffs. Suppose that you have a total "time budget" for recreation of 2 hours. Think of two activities you might like to do for recreation, and draw a budget line diagram illustrating the recreational opportunities open to you. What if you had a time budget of three hours instead?

Reference no: EM131581262

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