Author Question: The figure above shows Ilene's budget line. If Ilene's income rises, her budget line will A) ... (Read 161 times)

jc611 · **on:** Jun 29, 2018

The figure above shows Ilene's budget line. If Ilene's income rises, her budget line will

A) rotate and become flatter.
B) rotate and become steeper.
C) shift rightward and its slope will not change.
D) shift leftward and its slope will not change.

Question 2

Marginal cost is the increase in total ________ that results from a one-unit increase in ________.

A) fixed cost; the fixed input
B) cost; output
C) variable cost; the variable input
D) fixed cost; output