Multiple Choice
-The figure above gives your budget line for magazines and CDs per month. Given that your income equals $60 per month, what is the price of a magazine and the price of a CD?
A) The price of a magazine is $4 per magazine and the price of a CD is $12 per CD.
B) The price of a magazine is $12 per magazine and the price of a CD is $6 per CD.
C) The price of a magazine is $5 per magazine and the price of a CD is $10 per CD.
D) It is impossible to tell from the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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