menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 6
  4. Exam
    Exam 9: Possibilities, Preferences, and Choices
  5. Question
    Suppose the Price of Coffee Is $3, the Price of a Bagel
Solved

Suppose the Price of Coffee Is $3, the Price of a Bagel

Question 430

Question 430

Multiple Choice

Suppose the price of coffee is $3, the price of a bagel is $2 and a person's budget is $40. The budget line's equation is


A) $2/Qbagel + $3/Qcoffee = $40.
B) $2(Qbagel) + $3(Qcoffee) = $40.
C) Qbagel /$2 + Qcoffee /$3 = $40.
D) Qbagel + Qcoffee = $40/($3 + $2) .

Correct Answer:

verifed

Verified

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

Related Questions

Q425: When the price of a normal good

Q426: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The figure above

Q427: The lower the price of the good

Q428: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Kristen has an

Q429: The point where the indifference curve is

Q431: The assumption of diminishing marginal rate of

Q432: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -Suppose you have

Q433: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The figure above

Q434: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5274/.jpg" alt=" -The figure above

Q435: Which of the following statements is FALSE?<br>A)

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines