Multiple Choice
The budget line shows the boundary between those combinations of goods and services that
A) have positive marginal utility and those that have negative marginal utility.
B) are available and those that are unavailable.
C) are desirable and those that are undesirable.
D) are affordable and those that are unaffordable.
E) are normal goods and those that are inferior goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q74: Sam buys gasoline and coffee each week.To
Q75: With a given income and prices of
Q76: John and Sally have identical preferences except
Q77: According to the principle of diminishing marginal
Q78: Marginal utility theory assumes that when Kelly
Q80: Use the table below to answer the
Q81: If Sean thinks that the choice between
Q82: Lucky buys hats for $20,but Lucky will
Q83: According to a behavioural economist,a person who
Q84: The first can of Coke gives 15