Using the line drawing tool, sketch the budget constraint when the price of x is $20, the price of y is $50, and income equals $1 comma 000. label this line 'bc'. note: carefully follow the instructions above and only draw the required object.

Check the graph below to see the Budget constraint (1,000)

Step-by-step explanation:

To answer this question firstly we have to label this value $1,000, as our budget constraint. It means our budget cannot be surpassed.

Let's work with this equation x+y=1000. Rewrite into this form y=1000-x then graph it, like a regular linear function.

The Budget line represents graphically all the combinations x+y=1,000. The range shows us all values y∈ [0, 1000] and  the domain are the values such as 0 ≤x≤1000. Each point over the Budget line represents a possible combination such as x+y=100.

x  |  y | x+y

50(20) =1000 | 0 | 1000

200  | 800 | 1000

10x+8y

(...)

a

step-by-step explanation: