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Author Question: In the above figure, Sheryl's monthly budget line for movies and plays shifted, as shown. The shift ... (Read 35 times)

LCritchfi

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on: Jun 29, 2018
In the above figure, Sheryl's monthly budget line for movies and plays shifted, as shown. The shift in the budget line is parallel, so the shift might be because
 
  A) the price of a movie fell and nothing else changed.
  B) the price of a play fell and nothing else changed.
  C) Sheryl's income decreased and nothing else changed.
  D) Sheryl's income increased and nothing else changed.

Question 2

The above table shows Tammy's total utility from videos and CDs. If Tammy has 110 to spend on videos and CDs and if the price of a video is 10 and the price of a CD is 20, then the maximum utility Tammy can attain is
 
  A) 1700.
  B) 300.
  C) 1580.
  D) 250.


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LVPMS

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

D

Answer to Question 2

A


LCritchfi

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Reply #2 on: Jun 29, 2018
Thank you


LVPMS

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Reply #3 on: Jun 29, 2018
No problemo


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