Multiple Choice
-The figure above shows a consumer's budget line between soft drinks and DVD rentals. Point d represents an
A) affordable combination of soft drinks and DVDs that spends the entire budget.
B) affordable combination of soft drinks and DVDs that does not spend the entire budget.
C) unaffordable combination of soft drinks and DVDs.
D) affordable combination of soft drinks and DVDs, but whether it spends the entire budget cannot be determined from the figure.
E) None of the above answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q63: A budget line will shift outward and
Q64: A relative price is the<br>A) price of
Q65: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q66: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q67: If the slope of the budget line
Q69: If a consumer has $30 to spend
Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -Sue consumes oysters
Q71: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -For a consumer
Q72: If you get 40 units of utility
Q73: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -Juan's marginal utility