Antonia’s income is $216 a year and she spends all of it on music CDs and movies on DVDs. The pri… Show more Antonia’s income is $216 a year and she spends all of it on music CDs and movies on DVDs. The price of a music CD is $18 and the price of a DVD is $18. 1 What is Antonia’s real income in terms of CDs? What is her real income in terms of DVDs? 2 What is the relative price of a CD in terms of DVDs? What is the opportunity cost of a DVD? 3 Calculate the equation for Antonia’s budget line. Place the quantity of DVDs on the left side of the equation. 4 Draw a graph of Antonia’s budget line (with CDs on the horizontal axis). What is the slope of Antonia’s budget line? • Show less