-The figure above shows Tanya's consumption possibilities. Tanya spends $100 per month on movies and restaurant meals. The price of a movie ticket is _______ and the price of a restaurant meal is _______.
A) $20; $5
B) $7; $15
C) $5; $20
D) $10; $10

Question

-The figure above shows Tanya's consumption possibilities. Tanya spends $100 per month on movies and restaurant meals. The price of a movie ticket is _______ and the price of a restaurant meal is _______.
A) $20; $5 
B) $7; $15 
C) $5; $20 
D) $10; $10

Quizplus · Accepted Answer

The correct prices are $5 for a movie ticket and $20 for a restaurant meal, as indicated by the intercepts of the consumption possibilities curve on the axes. Each intercept represents the maximum amount of that good Tanya can consume if she spends all her money on it.

-The Figure Above Shows Tanya's Consumption Possibilities