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Author Question: Hector has $2,000 a month to spend on clothing and food. The price of clothing is $50 and the price ... (Read 138 times)

lbcchick

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 6.7 below to answer the question(s) that follow.










Refer to Figure 6.7. Along budget constraint 
AB, the price of good 
X is $25 and the price of good 
Y is $18. If the price of 
Y decreases to $14, the budget constraint will


◦ pivot in at point 
B.
◦ pivot out at point 
A.
◦ shift in parallel to 
AB.
◦ pivot in at point 
A.

Question 2

Hector has $2,000 a month to spend on clothing and food. The price of clothing is $50 and the price of food is 20. The clothing and food pairs in Hector's choice set include ________ units of clothing and ________ units of food.


◦ 100; 100
◦ 40; 100
◦ 30; 50
◦ 16; 60
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by lbcchick on Apr 19, 2019

kingdude89

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lbcchick

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Reply #2 on: Apr 19, 2019
Thank you!


kingdude89

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Reply #3 on: Apr 19, 2019
Always glad to help...


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