Multiple Choice
Figure 10-8

-Refer to Figure 10-8.If the price of biscotti is $1.50 and the price of a cappuccino is $3.00, what is the slope of the budget constraint?
A) -2
B) -(3.00 - 1.50) /(3.00 + 1.50) = -1/3
C) -1/2
D) The slope cannot be determined without the value of income.
Correct Answer:
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