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Emmanuel has K100 to spend on Fanta and doughnut. Fanta and doughnut each cost K5 respectively. Assume Fanta=good Y and doughnut=good X.
a) Write the equation of the budget constraint faced by Emmanuel.
b) What does the budget constraint in (a) represent?
c) Interpret the slope of the budget constraint.
If the remainder of the division is zero, it is considered a draw for the round and the total score is incriminated by 1.
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