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

Author Question: The figure above shows Ronald's budget line. He has a weekly income of 20, which he spends on ... (Read 41 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
The figure above shows Ronald's budget line. He has a weekly income of 20, which he spends on hotdogs and hamburgers. Now Ronald's income decreases to 10 per week and the price of a hotdog doubles.
 
  Ronald's budget line becomes ________ and ________. A) flatter; shifts rightward
  B) flatter; does not shift
  C) steeper; shifts rightward
  D) steeper; shifts leftward

Question 2

The figure above shows a monopoly firm's demand curve. The monopoly's total revenue is zero at point
 
  A) x.
  B) r.
  C) t.
  D) u.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mollythedog

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


swpotter12

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Wow, this really help

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
cell line selection cell line selection
Line analysis of Titian, Assumption and Consecration of the Virgin. Line analysis of Titian, Assumption and Consecration of the Virgin.
Inline fuel filters are usually attached to the fuel line with screw clamps or threaded ... Inline fuel filters are usually attached to the fuel line with screw clamps or threaded ...
(A) Pinch along jaw line from midline to lateral aspect. (B) Press St-6 at masseter attachment. (A) Pinch along jaw line from midline to lateral aspect. (B) Press St-6 at masseter attachment.
Fetus Development Weekly vs. Monthly Fetus Development Weekly vs. Monthly
Video: Facilitated Diffusion - Glucose transport

For a complete list of videos, visit our video library