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Author Question: The intuition behind the budget constraint is that A) more options are preferred to less. B) ... (Read 48 times)

TFauchery

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The intuition behind the budget constraint is that
 
  A) more options are preferred to less.
  B) money is the root of all happiness.
  C) information is power.
  D) scarcity is avoidable with prosperity.

Question 2

If a consumer's budget line for food (F) and shelter (S) is represented as F = 250 - 5S, we know that
 
  A) the consumer's income is 250.
  B) the price of shelter is 5.
  C) the price of shelter is 5 times the price of food.
  D) All of the above.


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Danny Ewald

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TFauchery

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Reply 2 on: Jul 1, 2018
:D TYSM


Dnite

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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