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 51 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
YES! Correct, THANKS for helping me on my review

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library