This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Ron spends 150 on movie tickets and pizza. The price of a pizza is 10 and a movie ticket is 7.50. ... (Read 200 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Ron spends 150 on movie tickets and pizza. The price of a pizza is 10 and a movie ticket is 7.50.
 
  With the quantity of movies measured along the vertical axis, the slope of Ron's budget line (with movies on the vertical axis) is ________ per pizza A) 1.33 movies
  B) -1.33 movies
  C) 0.75 of a movie
  D) -0.75 of a movie

Question 2

In the above figure, suppose that the government sets a limit to production at 10 units of output and the price rises to 4. In comparison to a competitive market the consumer surplus would fall by
 
  A) 0.
  B) 10.
  C) 15.
  D) 20.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Beatricemm

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 29, 2018
Thank you :)


Beatricemm

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Vegetables are a low-saturated-fat topping for pizza Vegetables are a low-saturated-fat topping for pizza
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Movie Inside Out Movie Inside Out
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library