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Author Question: Michael can buy either pizzas or submarine sandwiches. If the prices of pizzas and submarine ... (Read 121 times)

RRMR

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 6.6 below to answer the question(s) that follow.










Refer to Figure 6.6. Bill's budget constraint is 
BD. Bill's income is $600, the price of a bell pepper is $1, and the price of a bag of black beans is $2. At point 
D Bill is buying ________ bell peppers and ________ bags of black beans.


◦ 0; 300
◦ 600; 0
◦ 300; 150
◦ 600; 300

Question 2

Michael can buy either pizzas or submarine sandwiches. If the prices of pizzas and submarine sandwiches fall by half and so does Michael's money income, we can conclude that Michael's budget constraint will


◦ shift in but remain parallel to the old one.
◦ shift out but remain parallel to the old one.
◦ swivel in so that the slope of the budget constraint is doubled.
◦ remain unchanged.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by RRMR on Apr 19, 2019

dominiqueenicolee

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
Wow, this really help

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