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Author Question: Refer to Scenario 5.4. What is the pay-off of outcome C? A) -150 B) 0 C) 25 D) 100 E) ... (Read 18 times)

PhilipSeeMore

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on: Jul 1, 2018
Refer to Scenario 5.4. What is the pay-off of outcome C?
 
  A) -150
  B) 0
  C) 25
  D) 100
  E) 150

Question 2

An increase in income, holding prices constant, can be represented as:
 
  A) a change in the slope of the budget line.
  B) a parallel outward shift in the budget line.
  C) an outward shift in the budget line with its slope becoming flatter.
  D) a parallel inward shift in the budget line.


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itsakadoozi

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


PhilipSeeMore

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  • Posts: 561
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

patma1981

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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