Author Question: Refer to the information provided in Figure 6.2 below to answer the question(s) that follow. Refer ... (Read 27 times)

sdfghj · **on:** Apr 19, 2019

Question 1

Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.

Refer to Figure 6.2. The slope of budget constraint
AC is

◦ -1/2.
◦ -1.
◦ -2.
◦ indeterminate from this information because prices are not given.

Question 2

Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.

Refer to Figure 6.2. Assume Mr. Lingle's budget constraint is
AC. If the price of a beer is $3, the price of a gardenburger is

◦ $1.50.
◦ 3.00.
◦ $6.00.
◦ $12.00.

Viet Thy · **Reply #1 on:** Apr 19, 2019

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