Mary has 10 to spend each week on coffee, Qc and magazines, Qm. ...

[j.rubin]

Mary has 10 to spend each week on coffee, Qc and magazines, Qm. The price of a coffee is 1, and the price of a magazine is 2. Mary's budget equation is ________.
 
  A) Qm = 10 - Qc
  B) Qm + Qc = 20
  C) 1  Qc + 2  Qm = 10
  D) Qm = 10 - 2  Qc

Question 2

An external benefit is a benefit that ________.
 
  A) is enjoyed by someone other than the buyer of a good
  B) always equals external cost
  C) experiences increasing marginal returns
  D) is greatest at the equilibrium point

[fromAlphatoOmega22]

Answer to Question 1

C

Answer to Question 2

A

[j.rubin]

TYSM

[jackie]

Excellent