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Author Question: The price of coffee is always equal to one-half the price of tea. When we plot the budget line for ... (Read 19 times)

penguins

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on: Jul 1, 2018
The price of coffee is always equal to one-half the price of tea. When we plot the budget line for coffee and tea, coffee is plotted on the horizontal axis. What is the slope of this budget line?
 
  A) -1/2
  B) 1/2
  C) -2
  D) 2

Question 2

Refer to Figure 9.1. If the government establishes a price ceiling of 20, how many widgets will be sold?
 
  A) 20
  B) 30
  C) 40
  D) 50
  E) 60


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Expo

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


penguins

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

blakcmamba

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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