Multiple Choice
Use the following to answer questions 38-40:
Figure 4.14
-(Figure 4.14) For budget constraint 1, the price of good X and the price of good Y could equal _____, respectively.
A) $175 and $100
B) $80 and $140
C) $140 and $160
D) $6 and $4
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Draw an indifference curve for the utility
Q28: A graph of the utility function U
Q53: Suppose that MU<sub>Y</sub> = 15, MU<sub>X</sub> =
Q59: Use the following to answer question:<br>Figure 4.1
Q63: Use the following to answer question:<br>Figure 4.18
Q64: Beth has $200 of income to spend
Q65: Mickey loves cheese and crackers, consuming 2
Q80: List the four properties of utility functions,
Q101: For the utility function U(X,Y) = X<sup>0.5</sup>Y<sup>0.5</sup>,
Q127: Suppose that MRS<sub>XY</sub> = Y/X. As X