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Author Question: Ron spends 150 on movie tickets and pizza. The price of a pizza is 10 and a movie ticket is 7.50. ... (Read 365 times)

Redwolflake15

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on: Jun 29, 2018
Ron spends 150 on movie tickets and pizza. The price of a pizza is 10 and a movie ticket is 7.50.
 
  With the quantity of movies measured along the vertical axis, the slope of Ron's budget line (with movies on the vertical axis) is ________ per pizza A) 1.33 movies
  B) -1.33 movies
  C) 0.75 of a movie
  D) -0.75 of a movie

Question 2

In the above figure, suppose that the government sets a limit to production at 10 units of output and the price rises to 4. In comparison to a competitive market the consumer surplus would fall by
 
  A) 0.
  B) 10.
  C) 15.
  D) 20.


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Beatricemm

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

B

Answer to Question 2

C


Redwolflake15

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Reply #2 on: Jun 29, 2018
Thank you :)


Beatricemm

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Reply #3 on: Jun 29, 2018
Happy to help you


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