Multiple Choice
Let the quantity of hamburgers be measured along the vertical axis and the quantity of movies be measured along the horizontal axis. If the price of a hamburger is $1.50 and the price of a movie is $6, then the slope of the budget line is
A) -6.
B) -4.
C) -3.
D) -0.25.
Correct Answer:

Verified
Correct Answer:
Verified
Q78: Suppose that a consumer is at an
Q79: An increase in income will<br>A) shift the
Q80: With a given level of money income,
Q81: When the price of a good that
Q82: The real-income effect is typically small because<br>A)
Q84: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q85: The additional utility or satisfaction that one
Q86: According to the principle of diminishing marginal
Q87: The consumer optimum is defined as<br>A) the
Q88: Marginal utility<br>A) at first rises and then