Multiple Choice
Suppose you own a courier service and you use two types of delivery vehicles - Model A,which costs $30 000 to purchase,and Model B,which costs $50 000 to purchase.You have a budget of $300 000 for the purchase of new vehicles.If you were to draw a budget line to illustrate the choice between Model A and Model B vehicles,with A on the vertical axis and B on the horizontal axis,the vertical intercept and the horizontal intercept,respectively,would be
A) 10 and 10.
B) 6 and 6.
C) 0 and 10.
D) 0 and 0.
E) 10 and 6.
Correct Answer:
Verified
Correct Answer:
Verified
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