Multiple Choice
The following figure shows the budget constraint of Lesley when she is faced with two goods: burgers and icecream.
-Refer to the figure above.If the line represents Lesley's budget constraint,and Lesley has $60 budget to be spent on burgers and ice cream,what is the price of burger and ice cream?
A) Pbᵤᵣgₑᵣ = $10, and Pᵢcₑcᵣₑₐm = $6
B) Pbᵤᵣgₑᵣ = $5, and Pᵢcₑcᵣₑₐm = $3
C) Pbᵤᵣgₑᵣ = $12, and Pᵢcₑcᵣₑₐm = $3
D) Only the ratio of the prices can be determined
Correct Answer:
Verified
Correct Answer:
Verified
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