What is the equation of marthas budget constraint

Reference no: EM13204269

Martha has $150 of disposable income to spend each week. She buys Malted milk balls and Snickers. Suppose that malted milk balls cost $2.50 per bag and Snicker cost $1 per bag.
1. What is the equation of Martha's budget constraint, assuming we will measure milk balls on the y-axis and snickers on the x-axis .
2. Sketch Maratha's budget constraint
3. What is the slope of Martha's budget? and what does the slope mean?

Reference no: EM13204269

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