Question

Given the following information: Income, I equals 100 Price of good X, P subscript x equals space 4 Price of good Y, P subscript y space equals space 5 Suppose we plot good X consumption on the horizontal axis, and consumption for good Y on the vertical axis. What is the vertical axis intercept? 

          Given the following information:
Income, I equals 100
Price of good X, P subscript x equals space 4
Price of good Y, P subscript y space equals space 5
Suppose we plot good X consumption on the horizontal axis, and consumption for good Y on the vertical axis. 
What is the vertical axis intercept?
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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Given the following information: Income, I equals 100 Price of good X, P subscript x equals space 4 Price of good Y, P subscript y space equals space 5 Suppose we plot good X consumption on the horizontal axis, and consumption for good Y on the vertical axis. What is the vertical axis intercept?
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Transcript

-
00:01 Hey there, welcome to numerate.
00:02 We are trying to find the market rate of substitution between our good x and good y.
00:10 So what we're going to use is the mrs formula.
00:16 So we have the mrs is equivalent to the negative px over the negative py.
00:26 So for the negative px, this is going to be looking at the price here, consumer income with px equals 7 and py equals 2...
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