Multiple Choice
Suppose the price of is $20 per unit,the price of
is $10 per unit,and the consumer's income is $1000 per month.Which of the following baskets is not on the consumer's budget line?
A) A = 40, B = 20
B) A = 5, B = 90
C) A = 2.5, B = 95
D) A = 20, B = 40
Correct Answer:

Verified
Correct Answer:
Verified
Q13: The "equal bang for the buck" idea
Q22: Suppose that candies are usually sold at
Q36: Suppose that a consumer's income triples.However,at the
Q37: Suppose that a consumer considers coffee and
Q38: Suppose the price of good <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1644/.jpg"
Q45: Suppose a consumer buys two goods, <img
Q51: Evaluate the truthfulness of the following statements.
Q59: When comparing a cash subsidy and a
Q62: Which of the following statements is true
Q78: Assume that we are modeling inter-temporal consumption