Author Question: Shaniq consumes only magazine and CDs. Her income equals 60 per month. CDs are 12 each and magazines ... (Read 20 times)

Shelles · **on:** Jun 29, 2018

Shaniq consumes only magazine and CDs. Her income equals 60 per month. CDs are 12 each and magazines are 5 each. What is the equation for her budget line?

A) 60 = Qm + QCD
B) 60 = 12Qm + 5QCD
C) 12 = -2Qm + 6
D) 60 = 12QCD + 5Qm

Question 2

Which of the following can prevent markets from reaching efficiency? I. price regulations that cap the price that may be charged II. increasing marginal cost III. monopoly

A) I only
B) I and II
C) II and III
D) I and III