Question

You have a monthly income of $4,000, which you spend on medical care and clothing. Medical...

You have a monthly income of $4,000, which you spend on medical care and clothing. Medical care costs $400 per unit and clothing costs $100 each

a. Present an equation representing your budget line. (2)

b. Present a graph showing your budget line and set. Label each clearly as BL and BS respectively. (4)

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