Multiple Choice
Reference: Ref 23-4 (Figure: Budget Constraint) Refer to the figure. What is the relative price of music downloads to movie downloads?
A) 3
B) 1/3
C) 5
D) 4
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The utility-maximizing consumption bundle for a consumer
Q12: (Figure: Marginal Rate of Substitution) Refer to
Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 23-2
Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" A) At 13
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 23-3
Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3375/.jpg" alt=" Reference: Ref 23-1
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