Multiple Choice
A budget line is drawn with the
A) quantity of one good on the vertical axis and the quantity of the second good on the horizontal axis.
B) price of one good on the vertical axis and the price of the second good on the horizontal axis.
C) quantity of one good on the vertical axis and its price on the horizontal axis.
D) quantity of one good on the horizontal axis and its price on the vertical axis.
E) quantity of one good on the horizontal axis and its total utility on the vertical axis.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Marginal utility theory predicts that when a
Q20: When Kathryn is at her consumer equilibrium,she
Q21: Gene plays another hour of computer games
Q22: The first can of Sprite Jack drinks
Q23: Use the table below to answer the
Q25: Max has $35 a day to spend,and
Q26: As more of a good is consumed,its<br>A)marginal
Q27: If the marginal utilities from two goods
Q28: Suppose a consumer spends all his income.His
Q29: Bounded self-interest<br>A)is limited by the computing power