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Author Question: Shaniq consumes only magazine and CDs. Her income equals 60 per month. CDs are 12 each and magazines ... (Read 61 times)

Shelles

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on: Jun 29, 2018
Shaniq consumes only magazine and CDs. Her income equals 60 per month. CDs are 12 each and magazines are 5 each. What is the equation for her budget line?
 
  A) 60 = Qm + QCD
  B) 60 = 12Qm + 5QCD
  C) 12 = -2Qm + 6
  D) 60 = 12QCD + 5Qm

Question 2

Which of the following can prevent markets from reaching efficiency? I. price regulations that cap the price that may be charged II. increasing marginal cost III. monopoly
 
  A) I only
  B) I and II
  C) II and III
  D) I and III


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Heffejeff

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

D

Answer to Question 2

D


Shelles

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
Excellent

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