This topic contains a solution. Click here to go to the answer

Author Question: Shaniq consumes only magazine and CDs. Her income equals 60 per month. CDs are 12 each and magazines ... (Read 53 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
Shaniq consumes only magazine and CDs. Her income equals 60 per month. CDs are 12 each and magazines are 5 each. What is the equation for her budget line?
 
  A) 60 = Qm + QCD
  B) 60 = 12Qm + 5QCD
  C) 12 = -2Qm + 6
  D) 60 = 12QCD + 5Qm

Question 2

Which of the following can prevent markets from reaching efficiency? I. price regulations that cap the price that may be charged II. increasing marginal cost III. monopoly
 
  A) I only
  B) I and II
  C) II and III
  D) I and III



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

D

Answer to Question 2

D




Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

For a complete list of videos, visit our video library