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

Author Question: Nick consumes two goods, chips and lemonade. Located on the x-axis is the quantity of chips and on ... (Read 102 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Nick consumes two goods, chips and lemonade. Located on the x-axis is the quantity of chips and on the y-axis is the quantity of lemonade. The magnitude of the slope of the budget line equals the
 
  A) price of lemonade.
  B) price of chips.
  C) price of chips/price of lemonade.
  D) price of lemonade/price of chips.

Question 2

In the above figure, the shift from AD1 to AD2 might have been the result of
 
  A) an increase in government expenditure.
  B) a decrease in taxes.
  C) an increase in the quantity of money.
  D) All of the above answers are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

qytan

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Wow, this really help

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

The parathyroid glands. These four glands are located on the posterior side of the thyroid gland. Th The parathyroid glands. These four glands are located on the posterior side of the thyroid gland. Th
A fuel heater is part of the fuel filter and water separator located on the frame rail of a Ford ... A fuel heater is part of the fuel filter and water separator located on the frame rail of a Ford ...
How to vertically shift a quadratic function along the y-axis How to vertically shift a quadratic function along the y-axis
Obliquity "Tilt of Earth on its axis" Obliquity "Tilt of Earth on its axis"
Do you know how many calories are in your chips-and-soda “study snack”? Do you know how many calories are in your chips-and-soda “study snack”?
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Video: Aneurysm

For a complete list of videos, visit our video library