Answer:
Slope of the budget line = -0.5
Explanation:
Given:
Total amount won = $15
Price of candy bar (x) = $0.75
Price of peanuts bags (Y) = $1.50
Slope of the budget line = ?
Computation of slope of the budget line:
The slope of the budget line = -(Price of x commodity) / (Price of Y commodity)
Slope of the budget line = -$0.75 / $1.50
The slope of the budget line = -0.5
Therefore, the slope of the budget line is -0.5
