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Author Question: Refer to Scenario 5.4. What is the deviation of outcome A? A) 30 B) 50 C) 75 D) ... (Read 27 times)

Mr3Hunna

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on: Jul 1, 2018
Refer to Scenario 5.4. What is the deviation of outcome A?
 
  A) 30
  B) 50
  C) 75
  D) 100

Question 2

Assume that food is measured on the horizontal axis and clothing on the vertical axis. If the price of food falls relative to that of clothing, the budget line will:
 
  A) become flatter.
  B) become steeper.
  C) shift outward.
  D) become steeper or flatter depending on the relationship between prices and income.


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britb2u

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

C

Answer to Question 2

A


Mr3Hunna

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  • Posts: 536
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

LVPMS

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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