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

Author Question: If the quantity of good A (QA) is plotted along the horizontal axis, the quantity of good B (QB) is ... (Read 110 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jul 1, 2018
If the quantity of good A (QA) is plotted along the horizontal axis, the quantity of good B (QB) is plotted along the vertical axis, the price of good A is PA, the price of good B is PB and the consumer's income is I, then the slope of the consumer's
 
  budget constraint is ________. A) -QA/QB
  B) -QB/QA
  C) -PA/PB
  D) -PB/PA
  E) I/PA or I/PB

Question 2

The reward for the capture of Jesse James was 500.00 in 1881. Suppose the CPI in 1881 was 0.25. What is the real value of the reward in 2010 dollars if the CPI was 218.1 in 2010?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bassamabas

  • Sr. Member
  • ****
  • Posts: 294
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

218.1(500 )/0.25 = 218.1(2,000 ) = 436,200.


APUS57

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Jul 1, 2018
Thank you :)


bassamabas

  • Sr. Member
  • ****
  • Posts: 294
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
Stretching the shoulder muscles with arm in horizontal flexion. Stretching the shoulder muscles with arm in horizontal flexion.
How to horizontally shift a quadratic function along the x-axis How to horizontally shift a quadratic function along the x-axis
How to vertically shift a quadratic function along the y-axis How to vertically shift a quadratic function along the y-axis
Carrots are a good source of vitamin A Carrots are a good source of vitamin A
Rotating a matrix along the x-axis multiplication Rotating a matrix along the x-axis multiplication
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library