Multiple Choice
If the quantity of tacos is measured along the horizontal axis and the quantity of movies is measured along the vertical axis, and the price of a taco is $2.00 while the price of a movie is $12, then the slope of the budget line is
A) -1/3.
B) -3.5
C) -1/6.
D) -6.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: When marginal utility is zero, total utility
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q10: Initially, a consumer is at an optimum.
Q11: Refer to the above table. Suppose the
Q12: When a consumer shifts her purchases from
Q14: What are the key properties of indifference
Q15: Economists once believed utility could be measured.
Q16: Suppose that Jacob is going to a
Q17: To derive the demand curve for good
Q18: If a college student stays home and