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

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 255 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Beatricemm

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 29, 2018
Thank you :)


Beatricemm

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Alan Price - Poor People Alan Price - Poor People
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Price of Computers, 1982–2010 Price of Computers, 1982–2010
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Pizza Slices Pizza Slices
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library