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PaulKet PaulKet
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Posts: 488
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6 years ago
If a consumer's budget line for food (F) and shelter (S) is represented as F = 250 - 5S, we know that
A) the consumer's income is 250.
B) the price of shelter is five.
C) the price of shelter is five times the price of food.
D) All of the above.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 53 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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Answer verified by a subject expert
forrestforrest
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Posts: 266
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6 years ago
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PaulKet Author
wrote...
6 years ago
Thank you for helping me on my economics homework!
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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