1. Amanda earns a weekly income of $250. She spends her income on two goods: music downloads and SHU sporting events. Using the following prices, answer the prompts below.
Price of Music Download = $15.00/album
Price of Sporting Events = $25.00/game
a. Plot Amanda’s Budget Constraint
b. Calculate the slope of the budget line.
How will we know what combination of downloads/sporting events that Amanda will select? What additional information do we need? Explain
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