Faruq spends all of his income on two goods: tacos and milkshakes.His income is $100, the price of tacos is
$10, and the price of milkshakes is $2.Put tacos on the horizontal axis and milkshakes on the vertical axis.The slope of Faruq's budget line is equal to:
A.-1/5.
B.-5.
C.1/5.
D.5.
Correct Answer:
Verified
Q10: Assume that the marginal utilities for the
Q30: The amount by which total utility rises
Q256: (Table: Utility of Pecan Rolls) Look at
Q257: (Table: Utility of Pecan Rolls) Look at
Q258: Assume that the marginal utilities for the
Q262: (Table: The Utility of Macaroni and Cheese)
Q263: Abdul spends all of his income on
Q264: If Vanessa buys more pomegranates and fewer
Q265: Figure: Budget Lines for Tea and Scones
Q266: (Table: The Utility of Macaroni and Cheese)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents