Multiple Choice
The slope of the budget line is equal to the ratio of:
A) marginal utilities.
B) money income to the price of the good on the horizontal axis.
C) money income to the price of the good on the vertical axis.
D) price of the good on the horizontal axis to the price of the good on the vertical axis.
Correct Answer:
Verified
Correct Answer:
Verified
Q58: Exhibit 3A-2 Comparison of Market Efficiency and
Q59: In the short run, an increase in
Q60: Suppose Sue's buys a good for $60
Q61: If the slope of the indifference curve
Q62: The equation for a budget line for
Q64: Exhibit 10A-1 Aggregate demand and supply
Q65: Exhibit 6A-6 Consumer equilibrium<br><br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit 6A-6
Q66: If Max's marginal rate of substitution for
Q67: Consumer equilibrium occurs where the budget line
Q68: Assuming peaches are a normal good and