Refer to Scenario 5.4. What is the probability of outcome B? ...

[JMatthes]

Refer to Scenario 5.4. What is the probability of outcome B?
 
  A) 0
  B) -0.5
  C) 0.5
  D) 0.4
  E) 0.2

Question 2

The endpoints (horizontal and vertical intercepts) of the budget line:
 
  A) measure its slope.
  B) measure the rate at which one good can be substituted for another.
  C) measure the rate at which a consumer is willing to trade one good for another.
  D) represent the quantity of each good that could be purchased if all of the budget were allocated to that good.
  E) indicate the highest level of satisfaction the consumer can achieve.

[bubulittle310@msn.cn]

Answer to Question 1

C

Answer to Question 2

D