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

Author Question: The slope of the budget constraint line is: a. the ratio of the prices (px/py). b. the negative of ... (Read 62 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
The slope of the budget constraint line is:
 a. the ratio of the prices (px/py).
  b. the negative of the ratio of the prices (px/py).
  c. the ratio of income divided by price of y (I/py).
  d. none of the above.

Question 2

The market for lemons is one in which
 a. the rational buyer discounts
  b. the seller's product claims are unverifiable at the point of purchase
  c. the bad apples drive out the good
  d. the problem of adverse selection is rampant
  e. all of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

e


KWilfred

  • Member
  • Posts: 570
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Cell-wall structure of Gram-positive and Gram-negative bacteria. Cell-wall structure of Gram-positive and Gram-negative bacteria.
Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th In the summer of 1793, a yellow fever epidemic struck Philadelphia, killing nearly 4,000. Tens of th
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
Use a vacuum or fuel line hose over the spark plug to install it without danger of cross-threading ... Use a vacuum or fuel line hose over the spark plug to install it without danger of cross-threading ...
Negative Feedback and Temperature Control Negative Feedback and Temperature Control
Video: The Lagging Strand in DNA Replication and Replication in Action

For a complete list of videos, visit our video library