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Budget Line: I = , Px = , Py = , Qx = , Qy = Practice Problem
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Enter 4 out of 5 budget line values:
Income
Price (x)
Quantity (x)
Price (y)
Quantity (y)
The following practice problem has been generated for you:
Price of item x is 2 and the quantity of item x is 6 and the price of item y is 5 and the quantity of item y is 3, calculate the Total Income (I):