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Author Question: Suppose you own a courier service and you use two types of delivery vehicles - Model A, which costs ... (Read 55 times)

sbegs

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on: Oct 12, 2022
Suppose you own a courier service and you use two types of delivery vehicles - Model A, which costs $30000 to purchase, and Model B, which costs $50 000 to purchase. You have a budget of $300 000 for the purchase of new vehicles. Which of the following statements best describes the shape of your budget line?
◦ The budget line is convex to the origin, indicating that the opportunity cost of each vehicle decreases with each additional unit purchased.
◦ The budget line is a straight line, indicating that the opportunity cost of each model of vehicle is independent of how many are purchased.
◦ The budget line is a straight line, indicating that the opportunity cost of each vehicle increases with each additional unit purchased.
◦ The budget line is a straight line, indicating that the opportunity cost of each vehicle decreases with each additional unit purchased.
◦ The budget line is concave to the origin, indicating that the opportunity cost of each model of vehicle increases with each additional unit purchased.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sbegs on Oct 12, 2022

H.cope00

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sbegs

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

ryansturges

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Reply 3 on: Yesterday
Gracias!

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