Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
jacksonfive09 jacksonfive09
wrote...
Go to Answer
Posts: 431
Rep: 21 0
5 years ago

Question 1.

The budget constraint shows that

• as consumers spend more on one good, they spend more on others.

• total income equals total spending on one good.

• the consumer can have as many goods as he wants.

• the consumer faces a trade-off in the consumption of goods.

Question 2.

Suppose that the quantity of good y is measured along the vertical axis and that the quantity of good x is measured along the horizontal axis. If the price of good x is $5 and the price of good y is $10 when income is $200 per time period, the slope of the consumer's budget constraint will be

• -0.5.

• -5.

• -2.

• -10.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 40 times
1 Reply
Replies
Answer verified by a subject expert
DWFG2796DWFG2796
wrote...
#1
Posts: 368
Rep: 49 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

jacksonfive09 Author
wrote...

5 years ago
this is exactly what I needed
nicolepope23
wrote...

Yesterday
Helped a lot
branbran2k16
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1082 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 206
  
 4427
  
 271
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Which 'study break' activity do you find most distracting?