Question 1
Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.


Refer to Figure 6.2. Assume Mr. Lingle is on budget constraint
AC. If the price of a beer is $5, Mr. Lingle's monthly income is
◦ $40.
◦ $80.
◦ $100.
◦ $200.
Question 2
Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.


Refer to Figure 6.2. Assume Mr. Lingle is on budget constraint
AC. If the price of a beer is $2.50, Mr. Lingle's monthly income is
◦ $40.
◦ $100.
◦ $125.
◦ $200.