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Author Question: If Sam has 60.00 each week to spend on gasoline and coffee, and their respective prices are 1.50 per ... (Read 142 times)

@Brianna17

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on: Jun 29, 2018
If Sam has 60.00 each week to spend on gasoline and coffee, and their respective prices are 1.50 per gallon and 3.00 per pound, which of the following equations represents his budget line?
 
  A) 60.00 = 1.50/Qg + 3.00/Qc
  B) 60.00 = Qg /1.50 + Qc /3.00
  C) 60.00 = 1.50(Qg) + 3.00(Qc)
  D) 60.00 = 1.50(Qg) - 3.00(Qc)

Question 2

The absence of cyclical unemployment means the economy is at the natural unemployment rate.
 
  Indicate whether the statement is true or false


chem1s3

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


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