In a two year setting rod has earnings of 8 000 this year, Ask an Expert

Economics

In a two year setting Rod has earnings of $ 8 000 this year and earnings of $ 25, 0 00 next year. He can borrow or lend at an interest rate of 25%. Draw his budget line including endpoints. What is the slope of the budget line? What is the inter pretation of the slope?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91522286

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