00:01
So here we're thinking about budgets.
00:02
We have a budget, which i'll call b of 240 ,000.
00:07
We have a price of an atv is equal to 8 ,000, and we have a price of a snowmobile is equal to 12 ,000.
00:18
So let's draw the budget line, right? the budget line is going to be a relationship between the number of atvs and the number of snowmobiles.
00:27
If we max out on snowmobiles, this is pretty easy, right? we can obviously afford 20 of them, right? if all our money goes to snowmobiles, we can afford 20, right? 20 times 12 ,000 is equal to 240 ,000.
00:46
For atvs, the max we can afford is 30...