Multiple Choice
Assume that the unit price of good A is $2, and the unit price of good B is $5. If an individual has income of $30, which consumption bundles of (good A, good B) is on the edge of the budget constraint?
A) (5,5)
B) (5,4)
C) (6,4)
D) (6,5)
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q72: Assume that the unit price of good
Q73: Use the following to answer questions:<br>Figure: Income
Q74: The conventional demand curve appears strange to
Q75: When the price of a good changes,
Q76: Which statement is TRUE?<br>A) The income effect
Q78: The demand curve is downward sloping due
Q79: Consumption Bundle A contains 6 donuts and
Q80: Use the following to answer questions:<br>Figure: Indifference
Q81: If there are only two goods in
Q82: A bar owner must decide how best