menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics A Contemporary Introduction Study Set 1
  4. Exam
    Exam 6: Appendix--Indifference Curves and Utility Maximization
  5. Question
    A Family on a Trip Budgets $200 for Restaurant Meals
Solved

A Family on a Trip Budgets $200 for Restaurant Meals

Question 33

Question 33

Multiple Choice

A family on a trip budgets $200 for restaurant meals and fast food.If the price of a fast-food meal for the whole family is $20, what is the horizontal intercept of the budget line when fast food is measured on the horizontal axis?


A) 100
B) 10
C) 20
D) 400
E) it is impossible to tell from the information given

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: Exhibit 6-23 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-23

Q29: Exhibit 6-22 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-22

Q30: If a candy bar sells for 50

Q31: Combinations of goods along an indifference curve

Q32: A candy bar sells for 50 cents,

Q34: Exhibit 6-25 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-25

Q35: Indifference curves in a consumer's indifference map

Q36: Exhibit 6-25 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 6-25

Q37: The slope of a budget line with

Q38: Assume that you divide your food budget

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines