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

Author Question: The slope of the budget constraint line is: a. the ratio of the prices (px/py). b. the negative of ... (Read 58 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
The slope of the budget constraint line is:
 a. the ratio of the prices (px/py).
  b. the negative of the ratio of the prices (px/py).
  c. the ratio of income divided by price of y (I/py).
  d. none of the above.

Question 2

The market for lemons is one in which
 a. the rational buyer discounts
  b. the seller's product claims are unverifiable at the point of purchase
  c. the bad apples drive out the good
  d. the problem of adverse selection is rampant
  e. all of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

e


KWilfred

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Gram-positive and Gram-negative bacteria. Gram-positive and Gram-negative bacteria.
Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
The engine is rotated until the timing marks on the front of the crankshaft line up with zero ... The engine is rotated until the timing marks on the front of the crankshaft line up with zero ...
GDP per Capita in the United States, 1870–2009 (Ratio Scale) GDP per Capita in the United States, 1870–2009 (Ratio Scale)
Find the equation of the normal line to f(x)=sinx+cosx at x = π. Find the equation of the normal line to f(x)=sinx+cosx at x = π.
Offset Method Plot of Land with Length Line Offset Method Plot of Land with Length Line
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library