Multiple Choice
A budget constraint:
A) shows a constant dollar amount spent on different combinations of goods, and each bundle brings the same utility.
B) shows a constant dollar amount spent on different combinations of goods, and each bundle brings a different amount of utility.
C) shows a constant amount of utility gained by consuming different combinations of goods, and each bundle costs the same.
D) None of these is true.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: This graph shows three different budget constraints:
Q19: Nick has $300 a month to spend
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Assume Willow's income
Q21: Nona has just gone on a bike
Q22: Corey has a blue sweater and a
Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Assume the graph
Q25: Utility is:<br>A) maximized by rational individuals.<br>B) revealed
Q26: Sam has $200 a month to spend
Q27: Sam has $200 a month to spend
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" If the graph