This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The figure above shows Sam's budget line. Which of the following would result in Sam's budget line ... (Read 93 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Jun 29, 2018
The figure above shows Sam's budget line. Which of the following would result in Sam's budget line shifting leftward and not changing its slope?
 
  A) a decline in his preferences for both gasoline and coffee
  B) an equal percentage reduction in the prices of both a gallon of gasoline and a pound of coffee
  C) a decrease in Sam's income
  D) a fall in the ratio of the price of a gallon of gasoline to the price of a pound of coffee

Question 2

You took a job as a salesperson in an insurance company with the knowledge that you have 0.5 chance of making 2,000 a month or 3,000 a month. How much will you make each month?
 
  A) definitely 2,500
  B) definitely 2,000
  C) definitely 3,000
  D) either 2,000 or 3,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


berenicecastro

  • Member
  • Posts: 581
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Colles’ A break in the distal portion of the radius; often the result of reaching out to cushion a f Colles’ A break in the distal portion of the radius; often the result of reaching out to cushion a f
The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth The monthly changes of angle between the direction of illumination by the Sun and viewing from Earth
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
How to read gel electrophoresis result How to read gel electrophoresis result
The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ... The graph shows the effect of sonic tuning of the intake manifold runners. The longer runners ...
Bayesian Analysis of the Genotype of II-2 in Figure A.4 Bayesian Analysis of the Genotype of II-2 in Figure A.4
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library