Solved

Linda Has $10 a Month to Spend on Ice Cream

Question 108

Multiple Choice

Linda has $10 a month to spend on ice cream cones and chocolate bars.If the price of an ice cream cone is $2 a cone and the price of a chocolate bar is $1 a bar,which of the following is a point on Linda's budget line?


A) 4 cones and 0 chocolate bars
B) 1 cone and 8 chocolate bars
C) 3 cones and 1 chocolate bar
D) 5 cones and 10 chocolate bars
E) 0 cones and 0 chocolate bars

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q103: Suppose the price of a pair of

Q104: What is "marginal utility"?

Q105: A budget line will shift outward and

Q106: To derive a demand curve using the

Q107: The paradox of value refers to the<br>A)

Q109: For a consumer to maximize utility,in part

Q110: When the indifference curve is steep,the consumer

Q111: As Sam moves rightward along his indifference

Q112: If Mark's marginal utility per dollar from

Q113: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Sam's total utility