« previous next »

Author Question: The budget constraint for a consumer who only buys apples ( A) and bananas (B) is PAA + PBB = I ... (Read 124 times)

CBme

  • Hero Member
  • *****
  • Posts: 548
on: Jul 1, 2018
The budget constraint for a consumer who only buys apples (
 
  A) and bananas (B) is PAA + PBB = I where consumer income is I, the price of apples is PA, and the price of bananas is PB. To plot this budget constraint in a figure with apples on the horizontal axis, we should use a budget line represented by the slope-intercept equation:
  A) A = -I/PA + (PB/PA)B
  B) A = I/PA - (PB/PA)B
  C) B = -I/PB + (PA/PB)A
  D) B = I/PB - (PA/PB)A

Question 2

Refer to Scenario 7.1. Which piece of information would NOT be helpful in calculating the marginal cost of the 75th unit of output?
 
  A) The total cost of 75 units
  B) The total cost of 74 units
  C) The variable cost of 75 units
  D) The variable cost of 74 units
  E) The firm's fixed cost


BAOCHAU2803

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Your heart beats over 36 million times a year.

Energy budget for a temperate deciduous forest (data from Gosz et al. 1978). Energy budget for a temperate deciduous forest (data from Gosz et al. 1978).
Earth’s Heat Budget Earth’s Heat Budget
Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
A variety of sugar substitutes is available to the consumer A variety of sugar substitutes is available to the consumer
From Farm to Consumer From Farm to Consumer
Red and Green Apples Red and Green Apples
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library