consumers budget line equation

[gscant27]

Construct a consumer equilibrium model for rifle ammunition with the following

• the consumers income= $45 per day
• rifle ammo costs $15 per box
• all other goods cost $5 per unit
• this consumer does not ever use a rifle. Ever. Not even a rental. has no interest in owning or using a rifle or ammo.

a) Write the consumers budget equation using info above.
b) What is the slope of the consumers budget line
c) what is the slope of the consumers indifference curve



Thank you so much for your help

 

[stapel]

Construct a consumer equilibrium model for rifle ammunition with the following

• the consumers income is $45 per day
• rifle ammo costs $15 per box
• all other goods cost $5 per unit
• this consumer does not ever use a rifle. Ever. Not even a rental. has no interest in owning or using a rifle or ammo.

a) Write the consumers budget equation using info above.
b) What is the slope of the consumers budget line
c) what is the slope of the consumers indifference curve

What are your thoughts? What have you tried? How far have you gotten? Where are you stuck?

Please be complete. Thank you!

 

[gscant27]

well budget equation was something that i always had trouble with this is a review question that i just need an understanding about before i head into the final exam tomorrow. i am lost and thought that this would help