Larry Consumes Only Beer (B)and Chips (C)

Multiple Choice

Larry consumes only beer (B) and chips (C) . If beer is measured on the vertical axis, the relative price of chips in terms of beer is all of the following except

A) PC/PB.
B) the magnitude of the slope of the budget line.
C) equal to the opportunity cost of 1 bag of chips.
D) the real income in terms of beer.
E) the inverse of the relative price of beer in terms of chips.