Solved

The Amount in Dollars, A, Spent Weekly by a Household

Question 72

Multiple Choice

The amount in dollars, A, spent weekly by a household on food is a function of the household's weekly income in dollars, I, and the number of people in the household, n. Thus, The amount in dollars, A, spent weekly by a household on food is a function of the household's weekly income in dollars, I, and the number of people in the household, n. Thus,   . If A<sub>I</sub> (1000, 4)  = a > 0, then which of the following is true? A) At a weekly income of $1000 and a household size of 4, an increase of 1 person in the household produces a decrease of $a in the amount spent weekly on food. B) At a weekly income of $1000 and a household size of 4, an increase of $1 in weekly income produces a decrease of $a in the amount spent weekly on food. C) At a weekly income of $1000 and a household size of 4, an increase of 1 person in the household produces an increase of $a in the amount spent weekly on food. D) At a weekly income of $1000 and a household size of 4, an increase of $1 in weekly income produces an increase of $a in the amount spent weekly on food. . If AI (1000, 4) = a > 0, then which of the following is true?


A) At a weekly income of $1000 and a household size of 4, an increase of 1 person in the household produces a decrease of $a in the amount spent weekly on food.
B) At a weekly income of $1000 and a household size of 4, an increase of $1 in weekly income produces a decrease of $a in the amount spent weekly on food.
C) At a weekly income of $1000 and a household size of 4, an increase of 1 person in the household produces an increase of $a in the amount spent weekly on food.
D) At a weekly income of $1000 and a household size of 4, an increase of $1 in weekly income produces an increase of $a in the amount spent weekly on food.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions