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  3. Study Set
    Managerial Economics
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    Exam 3: Consumer Behavior and Rational Choice
  5. Question
    Nancy Has $100 to Spend on Books and Compact Disks
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Nancy Has $100 to Spend on Books and Compact Disks

Question 35

Question 35

Multiple Choice

Nancy has $100 to spend on books and compact disks.Books cost $10 and compact disks cost $20.The slope of Nancy's budget constraint (where the quantity of books is on the horizontal axis) is:


A) -0.5.
B) -2.
C) -5.
D) -10.
E) none of the above.

Correct Answer:

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