Multiple Choice
Preston goes to the movies every Sunday afternoon. The movie theater offers 4 combinations of popcorn and beverages: the "mini-combo" costs $5 and includes a small popcorn and a small drink, the "medium-combo" costs $7 and includes a medium popcorn and a medium drink, the "value-combo" also costs $7 and includes a small popcorn and a large drink, and the "large-combo" costs $9 and includes a large popcorn and a large drink. Preston always purchases the "value-combo." We can conclude that
A) Preston cannot afford the "large-combo."
B) Preston cannot afford the "medium-combo."
C) Preston prefers a combo with a larger popcorn-to-beverage ratio.
D) Preston prefers a combo with a smaller popcorn-to-beverage ratio.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Figure 21-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-14
Q27: Figure 21-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-8
Q28: Figure 21-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-11
Q29: Consider the indifference curve map and budget
Q32: The following diagram shows one indifference curve
Q33: Karen, Tara, and Chelsea each buy ice
Q34: Which effect of a price change moves
Q36: Which of the following examples would illustrate
Q62: Is it possible for a normal good
Q173: Suppose a consumer spends her income on