« previous next »

Author Question: The budget constraint for a consumer who only buys apples ( A) and bananas (B) is PAA + PBB = I ... (Read 211 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?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

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).
Willem de Zwart: Still Life with Apples in a Delft Blue Bowl, 1880–1890 Willem de Zwart: Still Life with Apples in a Delft Blue Bowl, 1880–1890
Earth’s Heat Budget Earth’s Heat Budget
Jet streams and Earth’s heat budget Jet streams and Earth’s heat budget
A variety of sugar substitutes is available to the consumer A variety of sugar substitutes is available to the consumer
Red and Green Apples Red and Green Apples
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library