Suppose that a there are two goods, x and y. the price of good x is $10 and the price of good y is $4. the seller of good x offers a deal where if a consumer buys 1 unit of good x they pay full price, but the second unit of good x is only $8. calculate the slope of the budget constraint between 1 unit of good x and 2 units of good x. (remember to include a negative sign. round to the nearest two decimal places if necessary.)

The slope of the budget constraint is -2.

Explanation:

There are two goods, X and Y.  

The price of Good X is $10 and the price of Good Y is $4.  

The price of the second unit of good X is $8.  

The slope of the budget line is equal to the ratio of the price of two goods.  

Hence, the slope of the budget line

=

=

= -2

The slope of the budget constraint is -2.

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