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

Author Question: Junkfood Jill spends all of her income on jellybeans and cola. Suppose that Jill's income is 30, the ... (Read 73 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
Junkfood Jill spends all of her income on jellybeans and cola. Suppose that Jill's income is 30, the price of a bag of jellybeans is 6, and the price of a bottle of cola is 2.
 
  If bags of jellybeans are graphed along the vertical axis and bottles of cola are graphed along the horizontal axis, what is the slope of the budget line? A) 3
  B) -3
  C) 1/3
  D) -1/3

Question 2

Which of the following leads to the demanders paying all of a tax?
 
  A) The supply is unit elastic.
  B) The supply is perfectly inelastic.
  C) The demand is perfectly elastic.
  D) The demand is perfectly inelastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


DyllonKazuo

  • Member
  • Posts: 565
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

cassie_ragen

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Distribution of the Income of Americans Distribution of the Income of Americans
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Income per Capita versus Inequality Income per Capita versus Inequality
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library