This topic contains a solution. Click here to go to the answer

Author Question: The figure above shows Ronald's budget line. He has a weekly income of 20, which he spends on ... (Read 19 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
The figure above shows Ronald's budget line. He has a weekly income of 20, which he spends on hotdogs and hamburgers. Now Ronald's income decreases to 10 per week and the price of a hotdog doubles.
 
  Ronald's budget line becomes ________ and ________. A) flatter; shifts rightward
  B) flatter; does not shift
  C) steeper; shifts rightward
  D) steeper; shifts leftward

Question 2

The figure above shows a monopoly firm's demand curve. The monopoly's total revenue is zero at point
 
  A) x.
  B) r.
  C) t.
  D) u.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mollythedog

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

D

Answer to Question 2

A




swpotter12

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

For a complete list of videos, visit our video library