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

Author Question: Shaniq consumes only magazine and CDs. Her income equals 60 per month. CDs are 12 each and magazines ... (Read 55 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 29, 2018
Excellent

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Saving Rate by Decile of Income per Capita Saving Rate by Decile of Income per Capita
If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance? If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance?
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Ear Virtual Tour Animation

For a complete list of videos, visit our video library