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Author Question: Lizzie's budget line is shown in the figure above. The relative price of a cookie is ________ per ... (Read 55 times)

gbarreiro

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on: Jun 29, 2018
Lizzie's budget line is shown in the figure above. The relative price of a cookie is ________ per cookie.
 
  A) 2 magazines
  B) 0.5 of a magazine
  C) 1
  D) 2

Question 2

The table above gives Jane's total utility from magazines and CDs. The price of a magazine is 4 and the price of a CD is 10 and Jane's budget is 88. What is Jane's total utility when she maximizes her utility?
 
  A) 70 units
  B) 1516 units
  C) 2536 units
  D) 2586 units


smrerig

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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gbarreiro

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Reply #2 on: Jun 29, 2018
Thank you :)


smrerig

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Reply #3 on: Jun 29, 2018
Happy to help you


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