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

Author Question: Hector has $2,000 a month to spend on clothing and food. The price of clothing is $50 and the price ... (Read 66 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 6.7 below to answer the question(s) that follow.










Refer to Figure 6.7. Along budget constraint 
AB, the price of good 
X is $25 and the price of good 
Y is $18. If the price of 
Y decreases to $14, the budget constraint will


◦ pivot in at point 
B.
◦ pivot out at point 
A.
◦ shift in parallel to 
AB.
◦ pivot in at point 
A.

Question 2

Hector has $2,000 a month to spend on clothing and food. The price of clothing is $50 and the price of food is 20. The clothing and food pairs in Hector's choice set include ________ units of clothing and ________ units of food.


◦ 100; 100
◦ 40; 100
◦ 30; 50
◦ 16; 60
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by lbcchick on Apr 19, 2019

kingdude89

  • Sr. Member
  • ****
  • Posts: 336
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.
Answer Preview
Only 55% of students answer this correctly


lbcchick

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Apr 19, 2019
Thank you!


kingdude89

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada
Layering Clothing in Cold Environments Layering Clothing in Cold Environments
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Food choices vs. energy choices Food choices vs. energy choices
Prevalence of Food Insecurity in the United States Prevalence of Food Insecurity in the United States
Nearly all the food that you consume originates on a farm Nearly all the food that you consume originates on a farm
Video: Rena arc construction

For a complete list of videos, visit our video library