Multiple Choice
If the vertical axis measures yams which cost $20 per unit and the horizontal axis measures xylophones which cost $5 a unit,the slope of the budget line is _____.
A) -20
B) -3
C) -0.25
D) -0.33
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q66: Marginal utility is _.<br>A)the amount that total
Q67: An indifference map shows the optimal consumption
Q68: Candies are on the vertical axis and
Q69: Suppose food is on the horizontal axis
Q70: In deriving an income-consumption curve,it is assumed
Q72: When a consumer's optimal consumption choice is
Q73: How do inferior goods differ from economic
Q74: Convexity of indifference curves implies that _.<br>A)the
Q75: The diminishing marginal rate of substitution along
Q76: When the income-consumption curve is backward-bending to