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25 June, 23:31

Ted has 600 dollar a week to spend on clothing and food the price of clothing is 30 dollar and price of food 5 dollar. What is the ted budget line limitation for the two goods?

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  1. 26 June, 00:03
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    The budget line for the two goods is $30 * Clothing + $5 * Food = $600

    Explanation:

    As Ted has only $600 amount of money available with him to spend the money for getting the food as well as clothing in this week. And the food cost him $5, clothing costs him $30. Therefore, in order to have both items in the amount of $600, the budget line would be:

    $30 * Clothing + $5 * Food = $600
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Home » Business » Ted has 600 dollar a week to spend on clothing and food the price of clothing is 30 dollar and price of food 5 dollar. What is the ted budget line limitation for the two goods?
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