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 166 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?

The human body produces and destroys 15 million blood cells every second.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

The planes of the body. The sagittal plane is vertical from front to back, the frontal plane is vert The planes of the body. The sagittal plane is vertical from front to back, the frontal plane is vert
Gestalt Law of Good Continuation Gestalt Law of Good Continuation
Obliquity "Tilt of Earth on its axis" Obliquity "Tilt of Earth on its axis"
State the amplitude, period, equation of the axis, and maximum and minimum value State the amplitude, period, equation of the axis, and maximum and minimum value
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
The Axis (Superior View) The Axis (Superior View)
Video: Non-polar compounds - insolubility

For a complete list of videos, visit our video library