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

Author Question: If the quantity of good A (QA) is plotted along the horizontal axis, the quantity of good B (QB) is ... (Read 164 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
on: Jul 1, 2018
If the quantity of good A (QA) is plotted along the horizontal axis, the quantity of good B (QB) is plotted along the vertical axis, the price of good A is PA, the price of good B is PB and the consumer's income is I, then the slope of the consumer's
 
  budget constraint is ________. A) -QA/QB
  B) -QB/QA
  C) -PA/PB
  D) -PB/PA
  E) I/PA or I/PB

Question 2

The reward for the capture of Jesse James was 500.00 in 1881. Suppose the CPI in 1881 was 0.25. What is the real value of the reward in 2010 dollars if the CPI was 218.1 in 2010?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bassamabas

  • Sr. Member
  • ****
  • Posts: 294
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

218.1(500 )/0.25 = 218.1(2,000 ) = 436,200.


APUS57

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Jul 1, 2018
Thank you :)


bassamabas

  • Sr. Member
  • ****
  • Posts: 294
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

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?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

good to eat good to eat
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ... The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
Horizontal Pressure Gradients in the Upper Atmosphere Horizontal Pressure Gradients in the Upper Atmosphere
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Good hand and body mechanics when applying thumb pressure to the back. Good hand and body mechanics when applying thumb pressure to the back.
Perform horizontal stroking of the thigh by facing the table and placing hands on the thigh with ... Perform horizontal stroking of the thigh by facing the table and placing hands on the thigh with ...
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library