Multiple Choice
The slope of a budget constraint line is influenced by which of the following?
58
views
18. Consumer Choice and Behavioral Economics
Budget Constraint
Back18. Consumer Choice and Behavioral Economics
Budget Constraint
- Multiple ChoiceThe shift of the budget line from cd to ab in the figure is consistent with which of the following?48views
- Multiple ChoiceSuppose a consumer has a budget of \$20 to spend on apples and oranges. Apples cost \$2 each and oranges cost \$4 each. Which of the following combinations of apples and oranges is attainable given the consumer's budget constraint?24views
- Multiple ChoiceWhich of the following best describes a budget line in microeconomics?17views
- Multiple ChoiceWhen Marietta chooses to only purchase a combination of goods that lie within her budget line, she:35views
- Multiple ChoiceWhat does every point on a budget line represent?19views
- Multiple ChoiceWhich of the following does an individual's budget line not reveal?35views
- Multiple ChoiceIn the budget constraint model, as the quantity of one good consumed increases, what typically happens to the quantity of the other good that can be consumed?27views
- Multiple Choice
The Amazing Andy spends all of his \$1,200 income on magic tricks. If card tricks cost \$50 and wand tricks cost \$300, which of the following consumption bundles lies upon Amazing Andy's budget constraint?
530views9rank - Multiple Choice
An increase in income will:
548views7rank - Multiple Choice
A change in the price of one good will:
524views2rank - Multiple Choice
A consumption bundle inside the budget line
590views3rank - Multiple Choice
Lil Kiddo just got \$10 for his allowance. He has big dreams for that money and plans to buy out the toy store, slapping down the tenner at the cash register. Disillusioned, he decides to buy pogs for \$0.50 each and action figures for \$2 each. Which consumption bundle is unaffordable to Lil Kiddo?
422views1comments - Multiple Choice
Campin' Sam buys firewood and ice. When the price of firewood decreases, the maximum number of firewood she can purchase _____________ and the maximum number of ice she can purchase _______________
440views2rank