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Author Question: Refer to Figure 10-8. If the price of biscotti is 1.50 and the price of a cappuccino is 3.00, what ... (Read 142 times)

humphriesbr@me.com

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on: Jun 29, 2018
Refer to Figure 10-8. If the price of biscotti is 1.50 and the price of a cappuccino is 3.00, what is the slope of the budget constraint?
 
  A) -(3.00 - 1.50 )/(3.00 + 1.50 ) = -1/3
  B) -2
  C) -1/2
  D) The slope cannot be determined without the value of income.

Question 2

A decrease in ________ can put your job at risk if aggregate expenditures fall.
 
  A) consumer confidence B) the length of a business cycle
  C) the natural rate of unemployment D) the inflation rate


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chjcharjto14

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


humphriesbr@me.com

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

irishcancer18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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